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.
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.
European transnational corporations are praised as "engines" of Europe's growth economy, however extensive research on the activities of 25 flagship companies have revealed evidence of labour abuses, deforestation, corruption, and attacks on human rights defenders.