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| 2010-07-26 |
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President Obama Delivers More Tough Talk to Wall Street on Financial Regulations
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President Obama took on Wall Street from a nearby New York City college where he renewed his push to convince Main Street and Capitol Hill of the need for sweeping financial regulations.
"One of the most significant contributors to this recession was a financial crisis as dire as any we've known in generations. And that crisis was born of a failure of responsibility -- from Wall Street to Washington -- that brought down many of the world's largest financial firms and nearly dragged our economy into a second Great Depression," the president said.
"It is essential that we learn the lessons of this crisis, so we don't doom ourselves to repeat it," the president said. "And make no mistake, that is exactly what will happen if we allow this moment to pass -- an outcome that is unacceptable to me and to the American people."
In his speech at the Cooper Union for the Advancement of Science and Art, which is two miles from the New York Stock Exchange, the president reminded Wall Street that their missteps have repercussions that are felt on Main Street. Attendees included Goldman Sachs CEO Lloyd Blankfein.
"I believe in the power of the free market. I believe in a strong financial sector that helps people to raise capital and get loans and invest their savings," he said. "But a free market was never meant to be a free license to take whatever you can get, however you can get it. That is what happened too often in the years leading up to the crisis. Some on Wall Street forgot that behind every dollar traded or leveraged, there is a family looking to buy a house, pay for an education, open a business, or save for retirement. What happens here has real consequences across our country."
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| 2010-05-15 |
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Congress of the SCECBU - Press release adopted by unanimity by the Congress
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During its XIIth Congress held in Cyprus on the 14th of May 2010, the Standing Committee of European Central Bank Unions (SCECBU), representing more than 50,000 employees, expressed its full support for the Greek workers facing the impact of the deep financial crisis for which they are not responsible.
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| 2010-04-12 |
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SCECBU’s Congress
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The next Congress of the SCECBU will be held in about one month in Protaras - Cyprus.
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| 2010-04-12 |
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Polish president's plane crashes in Russia
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It was with great regret that the SCECBU heard about the terrible news on the plane crash that hit Poland last week.
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| 2010-04-09 |
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Rehn calls for deeper surveillance of national economic policies in euro area
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Europe's new commissioner for Economic and Monetary affairs, Olli Rehn, calls for an urgent and deeper surveillance of national economic policies in eurozone countries, in the wake of the crisis caused by the Greek government, which hid the extent of its debt crisis from its fellow eurozone members.
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