Glopolis is a non-partisan, non-governmental organization which focuses on the analysis of economic globalization, trade, development, agriculture and climate change.
From January 2010 on, a consortium of six European non governmental organisations is working on the development impact of the financial crisis and of the current financial reforms in a joint project, „Towards a Global Finance System at the Service of Sustainable Development“. The project is co-funded by the European Union.
The financial crisis originated in developed countries but also affects heavily emerging economies and developing countries. The Millennium Development Goals (MDGs) are under threat because poverty and unemployment increase dramatically as a result of the crisis. The EU should ensure that European rescue and stimulus packages remain coherent with development concerns, EU development policy and MDGs. In order to tackle the causes of the crisis and to reach a more sustainable economic development, new regulation and supervisory measures for the financial markets should be implemented at the EU and global level. Financial reforms taken at EU and global level should include the interests of developing countries, and must consider in particular the interests of the global poor. For example, the following problems have to be addressed by regulation and are covered by the project: preventing food speculation, regulating offshore centres, regulating and supervising all financial actors and products, strengthening public, micro-, community- and cooperative banking, reforming exchange rate and global reserve systems.
Issue 1, April 2010
Issue 2, June 2010
Issue 3, October 2010
Issue 4, November 2010
Issue 5, February 2011
Issue 6, April 2011
Issue 7 (PDF, 398 KB), July 2011
Issue 8, September 2011
Issue 9, October 2011
Issue 10, February 2012
Issue 11 (PDF, 411 KB), March 2012
Issue 12, June 2012
Glopolis, Prague Global Policy Institute, Czech Republic
Jiří Čáslavka, email@example.com
SOMO, Centre for Research on Multinational Corporations, Netherlands
Myriam Vander Stichele, firstname.lastname@example.org
1. 6. 2012
The new issue of the newsletter EU Financial Reforms has been released.
30. 3. 2012
New issue of EU Financial Reforms Newsletter.
4. 8. 2011
The new issue of the newsletter deals with the crisis in the Euro zone, the role of credit rating agencies, the new approach to European Economic governance and the regulation of derivatives. Also in the new issue the state of the art of the process on the Financial Transaction Tax and as usual a calendar of events.
28. 2. 2011
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.
Glopolis issued a policy brief dealing with options for fiscal stimulus in the Czech Republic.
Glopolis issued a new study on financial crisis and a debate between fiscal austerity and fiscal stimulus.