News

On 14 November 2013, the UNIMED financial sector unions met in Valencia, Spain.  The group, composed of trade unions from Cyprus, Greece, Italy, Malta, Portugal, Spain and Turkey held a joint meeting with their sister organisations from the southern shore of the Mediterranean including Morocco, Algeria, Tunisia, Jordan, Israel, and the Lebanon. The federation represents 500,000 workers employed in the finance industry.A sustainable financial sector is at the service of the real economy, of sustainable development, of professionalism and human dignity.

At the meeting, the financial sector unions from the Mediterranean region adopted a proposal to adopt a European Social Pact For a Sustainable Financial Sector. Backing for the proposal will now be sought at both the national and international levels.

This statement by UNIMED, highlighting the fact that they call for a social pact on Sustainable finance sector. will be send for discussion at the UNI Finance Steering Group

The pact calls for the finance industry to return to its original role and to meet the needs of the real economy, of sustainable development, of professionalism and human dignity.

For example,

• modernisation with a return to the values of reliability and strong reputation which used to be the hallmark of the industry not so long ago.
• the sector is to be a driving force for development and good jobs
• the protection of savings and the rights of consumers and customers
• serving the needs of the weaker sections of society.

All the issues which have an impact on employment, professionalism, ethics and equity, and which underpin the European social pact, shall be addressed and taken into account for the development of a set of new rules for regulating financial markets. To this end, UNIMED calls upon the European authorities to adopt without delay the proposals made on the subject.

For the full text of the Press release, please see the related file.