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Argentine President for Strong Intl Financial Reform

MADRID - Argentine President Cristina Fernandez called for a deep reform of the world financial system and reconstruction of multilateralism in international relations, during the inauguration of the 6th Europe-Latin American-Caribbean Summit (UE-ALC).

During her address, the South American president said a reconstruction of multilateralism in the political and economic order is needed.

We must understand it is imperative to redefine world concepts and behaviors, because it is time to change and we all have that responsibility, stressed Fernandez when addressing the 27 European leaders and 33 Latin Americans.

The countries with greater presence at multilateral organizations are the ones with greatest responsibility, she noted.

Cristina called upon the group of 20 (G-20) to thoroughly tackle the regulation of world financial capitals during the meting to be held in June in Toronto, Canada.

As member of G-20, it is necessary we analyze such problems as regulation of capitals, investment banks, and tax heavens, she sustained.

All those reforms have been never materialized, and crisis situations are recurrent, regretted the president, who spoke at the bi-regional forum on behalf of MERCOSUR, the customs union grouping Argentina, Brazil, Uruguay, and Paraguay.
 
 
 
 
 

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