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UNI Americas congratulates the member countries of UNASUR for having established the South American Economy and Finance Council (CSEF) last Friday, with the objective of preserving jobs and macroeconomic stability in relation to the activity of global speculative capital, within the European and US crisis.

UNI Americas supports the decisions taken by the South American Economy Council directed towards establishing a new regional financial architecture supported by the South American integration, and based on the principles of complementarity and reduction of asymmetries. It particularly supports the measures aimed at broadening the Latin American Reserves Fund (FLAR) with the objective of establishing an anti-cyclical regional fund, including more countries in the The Unitary System of Regional Payment Compensation (SUCRE), the decision to reassess the Payments and Credits Agreement of ALADI, the strengthening of the Andean Development Corporation (CAF), recovering the Inter-American Development Bank’s (IDB) original missions, and rapidly setting up the Banco del Sur (Southern Bank).

UNI Americas considers that the measures taken by UNASUR, with member government from different political signs, expresses a behavioral strategy against economic crisis, setting employment as the priority and establishing as its main objective to maintain the social wellbeing levels reached by our population. Social inclusion and wealth distribution are key aspects of UNI Americas strategy to avoid consequences such as the 70 million people who lost their jobs due to the 2008-2009 world crisis, stressing that whatever the effects the global economic turbulences in the Americas may bring, that it will not be the workers who will have to “foot the bill”.

In order to further strengthen UNASUR’s strategy against the crisis, UNI Americas demands to institutionally include the union organizations to act in the role in the political-economic instances that are being designed, to guarantee the active presence of the voice of employment in the regional economic policies.