CubaMinrex. Sitio del Ministerio de Relaciones Exteriores de Cuba

Honduran President Harshly Criticized Current Globalization

CUBA, March 3, 2009. Honduran President José Manuel Zelaya severely criticized on Tuesday the current neo-liberal globalization and suggested to use part of the money allocated for the financial recovery of banks to fighting poverty on the planet.

President Zelaya made his statement during his key conference at the 11th International Meeting of Economists on Globalization and Development Problems, underway at Havana’s Convention Center.

In the presence of Cuba’s First Vice-president José Ramón Machado Ventura, the Central American head of state lectured participants in the event on the adjustments required by globalization. He highlighted that the current economic collapse of world capitalism is more serious than the cyclic crisis that has affected that system, which has served to show its deficiencies and mistakes and the resounding failure of the neo-liberal model.

The Honduran president denounced the paradox of devoting fabulous amounts of public money to help recover private banks and transnational companies of the industrialized world, when enough funds to fight social exclusion hunger and malnutrition are not allocated.

If 5% of the money destined to saving the big banks is provided to the excluded countries only for 10 years, those nations could count on enough resources to eliminate poverty and other social calamities threatening mankind, Zelaya said but he noted that there’s no political will in western nations to move in that direction.

He also expressed that if financial markets are unstable, as it has been evidenced, then they need to be put under supervision and control, a task that in his opinion correspond to the State, the people and society as a whole, in order to put them at the service of human beings.

He declared himself to be in favor of new forms of association and development between countries in the sub-region in particular and in the South in general.

In that regard, he made reference to the incorporation of Honduras to the Bolivarian Alternative for our Americas (ALBA), a scheme he described as full of solidarity, together with Cuba, Venezuela, Nicaragua, Bolivia and Dominica.

Finally, he extended his best wishes to the Cuban people and government and sent them the most sincere testimony of the affection of the Honduran people.

We admire and respect Cuba. We have acknowledged their struggle and raised our voices many times to condemn that absurd and terrible economic, commercial and financial US blockade against the Cuban people, he affirmed. (Cubaminrex- ACN)

 

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