The Bail Out Business is the most comprehensive and thorough analysis of the response to the 2008 financial crisis to understand who benefits from rescue packages in the EU. How effective were the bail out measures? What were the hidden costs to the taxpayer? and what was the role of the Big Four (audit firms) and financial consultancy firms in the business of designing and implementing bail out programs in EU Member States?
UN conference was convened to find new ways of dealing with the global financial and economic crises and give voice to those most affected by them. But the rich countries have opposed any real change, and the result is an anemic UN document.
Civil society groups and global social movements gathering at the UN summit on the global economic crisis have denounced rich industrialized countries’ insistence on pushing forward unbalanced trade talks, misnamed “free trade”, as likely to exacerbate an already serious economic and social crisis.