Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-14-Speech-2-129"
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"en.20060314.21.2-129"2
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".
The IMF is one of the Bretton Woods institutions, which, like the World Bank and GATT/WTO, have served to entrench unequal development between the centre and the outer edges of the capitalist world. This has helped to liberalise trade in goods and services and has promoted the prevailing neoliberal ideology, which advocates
the reduction of the role of the state, privatisations and a more flexible labour market, all of which form part of the so-called ‘Lisbon Strategy’.
The structural adjustment plans are an attempt at what they consider to be the adaptation of the economies of southern countries to the so-called market and competition economy, whereby the markets of such countries will be opened up to foreign investment and economic specialisation models that favour the centre will be ushered in. The disastrous economic and social consequences of these plans are well known. Even the much-vaunted stabilisation that they claim to aim for does not happen. What is more, the international monetary system is becoming more unstable and crises are happening with greater frequency.
What we need is a different monetary system, with the UN at its core, based on mutual advantage and the promotion of development. The IMF reform, even if it were based on greater involvement among developing countries, which is not in fact the case, does not alter its nature. Hence our abstention."@en1
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