Four decades of financial liberalisation have left countries defenseless against pernicious financial flows and a powerful and highly speculative financial sector, shifting the balance of power from governments to markets. In this report, the European Network on Debt and Development proposes concrete solutions to (i) reach macroeconomic and financial stability, (ii) stop food speculation and (iii) curb illicit financial flows facilitated by tax havens. According to the report, “these difficult times also provide a golden opportunity to re-regulate the financial system, and change the development model.” It is time for the big financial casino to be closed for good.
By Carlos Villota
January 20, 2012
To view the report, click here.
