| system error In late March, SETEM released through his campaign Web Error 104 "error in elsistema?: Www.error104.com. It's time to change the system with the Ethical Finance. acts The starting point is a dynamic video in straightforward language that echoes an error by some media, who once reported that if you give away the plan to help banks U.S. president, Barack Obama, among all the inhabitants of the planet, each one would touch 104 million of dollars. In reality the figure is much smaller because it would only be $ 104 per person. But what if those invest $ 104 per capita global ethical finance? SETEM says it would be an effective means combat inequalities and injustices caused precisely by conventional banks, a major blame for the current economic crisis. Therefore, the real mistake is not in the calculation, but in the financial system. We talked about it with the head of communications SETEM Ethical Finance, Marta Isabel González, and Annie Yumi Joh, responsible for Finance Ethics in SETEM. Positive News: The campaign aims to provoke reflection on the people making them a simple question: What could do with those 700,000 million injected by EE. UU. for commercial banks if its purpose was to help people through ethical finance? Annie Yumi Joh : What on SETEM want to transmit with the campaign? Error104, error in the system? is that we stay at the figures and we can not let others decide for us what to do with the money . SETEM wants to focus the attention of the public in one of the major problems of the current globalization model : the almost exclusive obsession in the price. Everyone, from banks to governments and society as a whole , we have forgotten that each product has an environmental and social costs. We have to ask, if a pair of jeans cost 6 euros, how working conditions have been made? of the same way, are we satisfied with that ING will give us a high return when you turn 262,870 has invested millions of dollars in the Freeport mine in Indonesia, a mine that has poured 230,000 tons of copper, arsenic and mercury Aghawagon river? "Although we are satisfied with working in countries with dictatorial regimes? Marta Isabel González : Today There are already real and effective alternatives to achieve humanize money funding only projects that are profitable in economic, social and environmental. really can change the world with our everyday decisions and ethical finance is the way to responsible consumption of products that promote financial from SETEM. N +: SETEM Another objective of this campaign is to mobilize citizens to demand changes political leaders. Through the website Error104, anyone who wants to can send a letter to President Rodriguez Zapatero . Which is what prompted the chief executive English? Ayj: Taking note that Zapatero will become president of the European Union in January 2010 believe is a great opportunity to create a stronger economy, sustainable and safe, and we want to put all your energy in a number of issues. The first is to ensure full transparency of financial institutions, and multinational financial products and make public its management. It is also necessary eradicate tax havens, particularly those that share a border with Spain, Andorra and Gibraltar. You must also be established more regulation and we have put in place mechanisms to control global banks and financial institutions. Another key issue is ensuring the participation of poorer countries in the debate, putting United Nations within the reform. Finally, we must invest in social economy and bet for ethical banking, creating sustainable jobs and businesses. N +: In the campaign video, you can also see through Positive News, alleges harmful effects of many of the conventional banking investments for society. Is it possible that the aid granted banks will stop any of these activities? Ayj: Once again the lack of institutional control finance is obvious: no one knows for sure how use the aid money. It is important that the government use public money for public good. In this sense, it must ensure that entities that receive public money from taxes collected in the past, present and future work for the common good of society, not just top executives. What should not happen again is a similar situation happened a few weeks ago: the allocation of 128 million euros in bonuses to executives of U.S. insurer AIG even though it had received more aid 130,000 million euros by the U.S. Treasury. UU. and the Federal Reserve. addition, the Executive Director of the Office on Drugs and Crime United Nations (UNOCD, by its initials in English) said that the only available capital when the crisis was money from drug trafficking. MIG: What we know is that traditional banks lack the indispensable minimum transparency to know what they do with the money we give them money or they are being pumped by the government. In theory money that they are giving it credit for reviving the economy, but in practice not possible to know what projects they are investing. N +: Can you give some examples of particularly pernicious activity financed by commercial banks? Ayj: Through SETEM work done by the international network BankTrack, which are included dozens of NGOs specializing in observing and monitoring the banks, we have too many examples of activities and investments negative for society. To take the most familiar examples from SETEM and referred to English banks, we know that the BBVA and Santander to fund the companies that own the HydroAisen company wants to build dams to flood more than 4,300 hectares in the Chilean Patagonia. More than half of the population Chilean opposes the construction of dams in Patagonia for the harm that would result to the environment and ecotourism industry . MIG : ING financed Total company operating in Burma, a country with a dictatorial regime notorious for abuses of human rights . N +: This campaign is committed to ethical banking. Can you tell me about a case to work in Spain? Ayj: FIARE Project, for example, offers the public the opportunity to open a deposit and borrowing. The big difference FIARE Project with other alternatives is the total transparency of its financial management. Any user can enter their website and know all the loans. If all financial institutions do public financial management and really invest in companies that do not exploit their workers or use natural resources as a commodity, could spur a real positive change for society. MIG: From SETEM understand that the bill for the financial crisis has moved into the real economy. banks away from its initial function to save and borrow money. Ethical banking since its inception, has served the common interest lending money to people who need it most, not those that already have it. N +: Finally, What do you think is the main asset of your campaign to bring these messages to the people ? MIG We believe that this campaign has a different taste, very young, very current and once you understand perfectly. The language is novel and away from the typical communication of NGOs, making the proposal is creative and thought-provoking www.error104.com Positive News Portal article Date: Mon April 20, 2009 6:30:00 PM EST |
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