Call to action : Regulate Global Finance Now!
It's time for citizens around Europe to raise our voices and demand that the fundamental causes of this crisis be addressed!
Our vision of the financial system we want is clear: we want to create well-functioning and efficient financial markets that are capable of providing long-term, green, job-creating investments to achieve global development.
To European leaders :
Finance must become a global public good, and should be designed to serve the real economy! Both in Europe and globally we need more than just new regulations – we have to put the financial system at the service of people’s interests.
We urge you to take the lead in fixing the fundamental flaws and loopholes which made the global financial crisis possible in the first place.
We need you to work together to protect the public good by framing stronger rules for all parts of the global financial system.
We expect you to be accountable to the people in solving the crisis. The time for self-regulation is over.Therefore, we urge you to take the following actions as soon as possible:
• Regulate speculative funds, such as hedge funds and private equity funds. We urge you to come forward with a comprehensive, far-reaching, effective regulation - as soon as possible! Read more...
• Create a financial transaction tax. Read more...
• Control over executive & shareholder bonus and remuneration. Read more...
• Close down tax havens. Read more...
• Protect consumers against toxic financial products and predatory lending. Read more...
• Democratize finance. Read more...
The crisis must provide the trigger for a wholesale reform of the global economic order into a new, fair, transparent global financial system, and the EU governments and the European institutions must act now to achieve sustainable development, social justice and a new respect for the planet.
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