These orientations are obvious in the declaration issued at the end of the summit, which emphasises five lines of action:
Reviving growth and employment – To this end, for the year 2010, USD 5000 billion is earmarked for public expenditures to boost the global economic machinery;
Strengthening global financial bodies;
Guaranteeing a fair and sustainable recovery.
It is obvious that these measures and moves are mere intentions. The crisis cannot be ended with mere intentions. It is now that the work to be done is beginning. Mobilisation should continue not only to evaluate these measures and their implementation, but also to ensure that employment and protection related concerns are actually taken into account.
To this end, the ITUC and TUAC have published a detailed review of the declaration of the G20 summit in London. In this document, they have underlined the importance that the summit leaders have given to employment and social issues as well as their acceptance of the idea to discuss a new charter to reach a new global consensus related to the fundamental values and principles of sustainable economic activities. The document also analyses all the main elements of the summit declaration. In addition, ITUC has launched a new web page gathering articles, declarations, press statements and trade union opinions on the financial crisis, its causes and consequences and trade union responses3.
3 For more information on the recent initiatives of the trade union movement, visit the web sites of ITUC and TUAC (Trade Union Advisory Committee) : www.ituc-csi.org and www.tuac.org .