New at the Americas Policy Program
A New World of Citizen Action, Analysis, and Policy Options
http://www.americaspolicy.org/
7 July 2009
Introducing the latest report from the Americas Program
Americas Program Interview with Nestor Stancanelli
Secretary for International Negotiations, Ministry of International Relations, Argentine Foreign Office
By Tony Phillips
Nestor Stancanelli, lead member of the negotiation team for Argentina in the G-20, calls for integral reforms to the global financial system that unite stricter regulation with structural reforms in multilateral lending organizations like the World Bank and the International Monetary Fund.
In an exclusive interview with the Americas Program, Stancanelli warns that the economic crisis stems from unsustainable consumption patterns and major gaps in wealth across nations. “These structural changes and changes in patterns of consumption and distribution of income means a lot of restructuring and a lot of pain, especially for the sectors that have benefited from the status quo. We will only see the benefits from this restructuring in the long-term. In the short-term, what has been done was unavoidable, because the alternative was economic collapse.
Tony Phillips is a researcher and journalist on trade and multinational finance with an emphasis on dictatorships and the WTO, and a translator and analyst for the Americas Program at www.americaspolicy.org. Much of Tony’s work is published at http://projectallende.org/.
See the article online at:
http://americas.irc-online.org/am/6234
Related articles from the Americas Policy Program:
A New Financial Architecture for Latin America, Part 2
South American Trade and Currency Volatility
http://americas.irc-online.org/am/6175
A New Financial Architecture for Latin America, Part 1
South American Nations Agree on Technical Rules for Bank of the South
http://americas.irc-online.org/am/6157
G-20: Round Two
http://americas.irc-online.org/am/6054