The watchword of the European Trade Union Confederation (ETUC) 11th congress – which is taking place in Seville until May 24 – also applies to the new topics the organization wants to invest. It is getting ready to go "on the offensive" in favor of the regulation of investment funds, the defense of wage policies as part of economic and monetary Union, and for the acknowledgement of climatic changes. In addition, the second day of the ETUC's congress went on with the intervention of key figures such as Vladimir Spidla, Commissioner in charge of Social Affairs and José Luis Zapatero, head of the Spanish government, whose intervention – insisting on the need of a social partnership to carry out the changes – was very well received. (Ref. 070451)
To go “on the offensive,” as the watchword of this 11th ETUC congress puts it, the organization’s management wants to develop an “expertise” on topics which are less familiar to unions: financial capitalism, wage policies as part of the European monetary union, or even sustainable development and employment.
Regulating financial capitalism: John Monks, the ETUC’s general secretary, made the fight against investment funds practices his driving force since 2006. according to him, hedge funds and p
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