The ETUC finds the European policy response to be disappointing and hesitating. The ETUC also denounces those who try to abuse the situation by imposing an agenda of deregulation, liberalisation and privatisation.
Instead, the ETUC is calling for European policy makers to act decisively and quickly and implement the package of bilateral loans to Greece as a matter of urgency in the next few days.
Says John Monks, General Secretary of the ETUC: ‘Governments and central bankers have mobilised trillions to save the banks. They now have to organise the same type of massive support to fight the greed of global financial markets with European solidarity’.
ETUC letter to the President of the European Council, the EU Spanish Presidency, the President of the Commission, the European Central Bank and the European Parliament: http://www.etuc.org/IMG/pdf_letter.pdf
ETUC video: May Day and Financial Crisis - John Monks’ message: http://www.youtube.com/watch?v=GsXZXY8mrZc
