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Trade Union Statement to the St Andrews G20 Finance Ministers’ Meeting
Available in french, english, spanish and german.

03/11/2009

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The joint ITUC/TUAC Statement to the G20 Finance Ministers' Meeting to take place in St Andrews, Scotland on 7-8 November 2009.

 

"Introduction - G20 Finance ministers must build on Pittsburgh

1. The Pittsburgh G20 Summit made important commitments to maintain the stimulus and prioritise jobs. In the subsequent weeks it has become clear that, for the major economies, recovery is remote and the situation of the global economy remains fragile. Moreover progress at Pittsburgh was limited in other crucial areas including climate change, financial regulation, development and governance reform. The trade union movement therefore calls on the G20 Finance Ministers meeting in St Andrews to:

  • Reinforce coordinated fiscal stimulus in the G20 countries with a m stronger focus on job protection and creation and a key role for the ILO in the G20 Framework for Strong, Sustainable, and Balanced Growth;
  • Commit to substantial financial commitments for climate change m action in developing countries and investing in green jobs;
  • Agree on an expeditious timetable for far-reaching enhanced financial regulation ensuring that banks and other financial institutions resume their primacy function, namely financing the real economy;
  • Build a balanced global economy with transparent, accountable and democratic institutions, open to dialogue with trade unions and other civil society institutions and able to protect developing countries against crisis and market volatility.

... "

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