"The banks are ours!" Public money was used to bail out the banks, and now they are lending back to the public at interest, while governments ignore the social and environmental crises that confront society. It is time to demand real solutions that will work not only for the sake of the economy but for the lives and conditions of people on whom it depends.
The international free trade and investment policies and the related WTO agreements played a major role in undermining so many developing countries' economies. The proponents of tese policies, including the EU, are now urging the govenrments of the world to end their resistance to such policies within the WTO.
Susan spoke at length on France Culture talking about the converging economic, social and environmental crises of globalization, and what alternatives exist to the current state of affairs. Susan's new book Their Crisis, Our Solutions has just been published in French (Leurs Crises, Nos Solutions) and Spanish (Sui Crisis, Nuestra Soluciones), and is due out in English in September.
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.
Despite the bailouts and the hype - nothing significant has actually changed in the financial industry; and the crisis in Europe remains. Susan talks about what still must be done to prevent further economic crises in Europe, stabilise, and green the economy.