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Economic Crisis: World’s Trade Unions Put Recovery and Reform Plan to G2017 November 2008Trade union leaders from the G20 countries will put forward a comprehensive plan to turn around the global economy, in meetings with world leaders in Washington DC on the eve of the financial crisis summit hosted by the US government on 15 November.
The world's unions are calling for a series of urgent actions to stave off the prospect of deep and long-lasting global recession, coupled with major changes in the running of the global economy to turn back decades of deregulation policies that have caused the current crisis. The detailed union proposals are set out in a recovery and reform programme entitled the "Washington Declaration". "Immediate action is needed to get the world economy moving and boost employment. Governments need to be prepared to make further, coordinated, cuts in interest rates and to front-load investment in infrastructure, education and health to help stimulate demand growth and reinforce public services. This needs to be accompanied by tax and spending measures to support the purchasing power of low- and middle-income earners, and concrete steps to launch investment in green goods and services, to help address climate change", said John Evans, General Secretary of the OECD-TUAC. The full proposal can be found at: http://ituc-csi.org/spip.php?article2513 or download the pdf below. Download File: |
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