Finance capital, criticism of

Contents

EU in crisis: analysis, resistance and alternatives to Corporate Europe / Greece Solidarity / Has Europe lost its soul to the markets? / Common Appeal for the Rescue of the Peoples of Europe / Manifesto of the Appalled Economists / Attac European Network Academy / 1,000 Economists sign open letter to G20 Finance Ministers in Support of Financial Transaction Tax / Euromemorandum 2012 / Another Road for Europe /

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EU in crisis: analysis, resistance and alternatives to Corporate Europe

A two-day conference in Brussels is being organised by Corporate Europe Observatory to discuss the role of big business and finance capital in the European crisis and to strengthen the progressive response to the crisis.

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a group of European activists, academics, journalists, trade unionists and intellectuals participate in a conference arguing the EU policy response reflects a distorted priority that favours appeasing financial markets over protecting and bolstering a social Europe

Greece Solidarity

Call for solidarity with the people of Greece endorsed by the Coalition of Resistance and the People's Charter. The call, a response to the Common Appeal drafted by Mikis Theodorakis and Manolis Glezos, criticises the EU policy response to the crisis in Greece, arguing that austerity measures protect the rich at the expense of the poor.

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a European coalition of trade unions, campaigns and parties organised by the Coalition of Resistance and the People's Charter organise solidarity and raise practical support, including meetings criticizing the policies of the EU and the IMF which impose poverty and mass unemployment on the people of Greece arguing that the Greeks are being punished for conditions for which they are not responsible.

Has Europe lost its soul to the markets?

Chief Rabbi Sir Jonathan Sacks calls for European religious leaders to come together to help save the euro and the European Union by reasserting the role of morals and religion in shaping shared social values and overturning the dominance of the markets.

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Sir Jonathan Sacks (Chief Rabbi) issues an appeal to European society for a reassertion of religous values against market fundamentalism arguing that religous values are fundamental for steering the power of the markets towards the service of humankind

Common Appeal for the Rescue of the Peoples of Europe

Mikis Theodorakis and Manolis Glezos decry the anti-political dominance of the markets, which, unchecked, have already demolished Greek democracy and threaten the rest of Europe. They call for coordinated action by intellectuals, artists, activists and other public figures to resist unbridled economic globalisation. Amongst their demands is an immediate halt to austerity and privatisation, debt restructuring, and radical treaty reform in the EU.

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a renowned Greek songwriter and Greek left-wing politician and writer issue an appeal to intellectuals, artists, activists, and other public figures to engage in coordinated action for the peoples of Europe arguing that the dominance of economic (market) logic has come to trump democratic values or basic notions of human dignity that are inscribed in the social and political history of Europe. This has terrible immediate consequences, like the impoverishment of the Greek people, but it also creates the conditions for a dangerous situation in Europe's near future.

Manifesto of the Appalled Economists

The Manifesto of the Apalled Economists, launched initially by a group of French economists, sets out to contest the economic terms in which policy resonses to the crisis is being justified. By stating and debunking 10 premises and providing several proposals for each, the group hopes to move the debate beyond its current orthodoxy.

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a group of professional and academic economists publish a manifesto criticising EU policy response in response to the crisis for European citizens arguing that the terms used to justify policy response are irresonsible not only in political and social terms, but do not even hold in economic terms, which is how they are presented.

Attac European Network Academy

The European ATTAC (Association for the Taxation of Financial Transactions for the Aid of Citizens) network gathered in Freiburg to discuss alternatives to the financial crisis. Their demands included a financial transactions tax to fund public services, public regulation of financial institutions, debt cancellation, and an end to austerity.

1,000 Economists sign open letter to G20 Finance Ministers in Support of Financial Transaction Tax

A large group of economists sign on to support a tax on financial transactions, which, even at low rates, could tame the profligacy of global financial speculation and raise billions of dollars to fund public goods.

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an international group of economists from 53 countries endorse a letter to the G20 Finance Ministers endorsing a Tobin tax for world citizens the markets should also be used to provide global and domestic public goods

Euromemorandum 2012

The EuroMemo Group's annual report, Euromemorandum, this year criticises EU policies that have led to the crisis and lays out a set of policy proposals that promote more integrated - but more progressive - European economic policies. The focus is on strengthening democracy and social justice by reforming trade policy, rejecting austerity, protecting labour rights, and proposing alternative models for growth.

Another Road for Europe

Another Road for Europe lays out positive proposals for Europe to emerge from its crisis based on reformed values of social justice, environmental responsibility, democracy and peace. The appeal aims to articulate a program around which coordinated action can be organised across Europe.

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a group of European activists, academics, journalists, trade unionists and intellectuals launch and appeal towards other concerned Europeans for the survival of a positive European project arguing that social justice, environmental responsibility, democracy and peace should be the core values of a reformed European Union currently held hostage by the unbridled power of the markets