Dr. Pedro Paez talks about the creation of a new financial architecture in Latin America, based on principles of redistribution, environmental sustainability and social cohesion rather than market principles that dominated the old architecture.
Alberto Arroyo Picard, Graciela Rodríguez, Norma Castañeda Bustamante
13 April 2009
An examination of the contrast between the EU‘s professed aims for supporting regional integration in Latin America with the actual experiences of the different regions in LA with which the EU is seeking to sign Association Agreements.
This documentary aims to present the state of the debate on alternatives for regional integration as this is unfolding among social movements and civil society organizations throughout the Latin American continent.
The current paradigmatic crisis needs to be dealt with at the regional level. In this respect, Latin American movements have already mobilised and placed different models of development and integration at the centre of their struggle. However, the European Union model, whereby integration is geared towards the interests of transnational corporations, should be avoided.
EUOBSERVER / BRUSSELS - The European Commission is hoping to boost EU-Latin American relations with the creation of a joint forum that will bring together the two sides on a permanent basis and launch of a new investment fund. But civil society organisations and some Latin American officials believe Europe is steadily abandoning its support for regional integration on the EU model on the continent.
The EU debt crisis foretells a more serious global debt crisis, caused by unlimited growth and the ongoing financial casino. Latin America's emerging financial and regional architecture offers hope for a new type of integration based on solidarity.