Brussels, 02/06/2008
Recently, 14 European political personalities published an opinion piece in a major French daily newspaper calling for an end to “financial madness”. The German President Horst Köhler has compared the financial markets to a “monster”, and Jean-Claude Juncker of Luxembourg was similarly outraged at the excesses of the world of finance. The ETUC welcomes all these statements, since they reflect the prescient position the ETUC developed on casino capitalism in 2007, even before the sub-prime crisis.