New Economy and Finance

New issue of EU Financial Reforms Newsletter.

On April 18th Columbian delegation composed of trade-unionists and members of human-rights organizations will commence a three-day visit of Prague. Glopolis has organized meetings for the delegation’s members with representatives in the Parliament of the Czech Republic, Ministry of Foreign Affairs, Ministry of Industry and Trade, and Czech-Moravian Confederation of Trade Unions. The delegates will also speak at Charles University in Prague and in Czech media.

More than two years after the financial crisis hit Europe, financial reforms are far from over at the level of the European Union. This January new EU supervisory bodies started operating. The EU took some legislative decisions last year, most which will only become operational in the member states in the coming years. For instance, the directive to regulate hedge funds will only be implemented after two years.

One of the main priorities of the Czech presidency was the financial crisis and the pursuit of effective solutions. The economic and financial department of Glopolis focused efforts on making sure that the economic priorities of the Czech presidency took the needs of developing countries into greater account.

FoRS, the national platform of development NGOs in the Czech Republic, and CONCORD, the confederation of European Development NGOs representing 1600 organisations across Europe, are calling upon EU Ministers meeting at the informal meeting in Prague 29–30 January to uphold commitments on financing for development and systematically address the impact of the global financial and economic crisis on developing countries.