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View Full Version : Fernandez proposes "third way"



NewsWhore
05-10-2011, 02:50 PM
President Leonel Fernandez says it is regrettable that a formula to resolve the world economic crisis has still not been found two years since it started. He suggested that Latin America should adopt a regional position aimed at overcoming the situation and proposed fusing the economic policies of neo-liberalism and neo-populism to create a third option that offers a more viable solution to the crisis.

In his keynote speech yesterday at the II International Forum of Santo Domingo, called "Dialogue on Democracy, Development, Social Cohesion and Security in Latin America", which continues at the Global Democracy and Development Foundation (Funglode) today, the President stressed that the market has to exist wherever there are exchanges between human beings. He stated that the problem for Latin America is that "we have states that are fiscally weak".

While he congratulated Brazil, Mexico and Argentina's incorporation into the G-20, he questioned its legitimacy, since he considered it to be exclusive. "After the G-20 we have the G-172 which is excluded (from the G-20), we would have to suggest the adhesion of the G-172 with relation to the G-20 The problem is that they are inside and of those are outside", the President said.

Former Presidents Manuel Zelaya (Honduras), Martin Torrijos (Panama), Rodrigo Borja (Ecuador) and Vinicio Cerezo (Guatemala), are attending together with Enrique Iglesias from the Ibero-American General Secretariat and representatives from ECLAC and the World Bank, as reported in Listin Diario and Diario Libre.

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