The outcome of the Conference on the World Financial and Economic Crisis and Its Impact on Development in its third day at United Nations Headquarters provided a means for continued discussion, but in no way measured up to the extreme gravity of the situation facing developing countries, representatives of civil society groups told correspondents today, also at Headquarters.
“The Titanic is sinking and Governments are thinking about the arrangement of the deck chairs,” Gemma Adaba, of the International Trade Union Confederation (ITUC), said. Referring to the analysis and recommendations of the commission led by Nobel Prize-winning economist Joseph Stiglitz, she added: “The way forward is a way of struggle to bridge the gap between the analysis, which shows what needs to be done, and the actions, which were very weak.”
Full text here: http://www.un.org/News/briefings/docs/2009/090626_GSEG.doc.htm
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