International Monetary Fund

The cost of this crisis for Americans will exceed one billion dollars. In April, the International Monetary Fund estimated losses of $ 945.000 million, equivalent to the gross domestic product of Mexico. Now rectifying: will be $ 1.3 trillion by raising American public debt to $ 11.3 trillion to come to the rescue. US Congressmen have understood the rescue plan for the financial system: give them good money and in return give you the worst. The former President of the Spanish Government, Felipe Gonzalez, has acknowledged that it is not true that we thought that the market regulated economy. And MEPs at the European Parliament diagnosed that the market has failed because there has been no monitoring or transparency. MEPs of all colors declare absolute deregulation times have passed. The markets cannot self-regulate ().

We need to regulate the markets. We must establish rules and we need a referee (). In the markets there are thieves and so police is needed. The British Prime Minister, Gordon Brown, the head of the Spanish Government, Rodriguez Zapatero and Brazilian President Lula da Silva, gathered in New York, asked to create an international body which supervise and control the financial system. Welcome to the reason and lucidity. You now have to impose transparency financial and regular financial world and subject to the control of democracy. It is indecent to profess faith in the market with fat cows and beg government intervention (as knittings!) with skinny cows so that public money to pay debts. A peasant illustrated in a caricature of a Spanish humorist: If nothing gained when they forraban, because we have to lose when they stick it. Xavier Cano Tamayo journalist and writer original author and source of the article.