Reacting to the neo-liberalism crisis

In the Spanish daily El País, Mário Soares, former Prime Minister and President of Portugal, analyses the need to find an answer to the crisis of the neo-liberal economic model which originated in the US: "Neo-liberalism ... is dead. Like the former Soviet Union it has been defeated by its own inherent contradictions. And the impact of the US's multiple crises is reaching Europe at a time of political and strategic paralysis that is preventing it from reacting. How can Angela Merkel, a fervent European, bolster Europe when faced with the disastrous trio made up by Brown, Sarkozy and Berlusconi? Only the joint mobilisation of the European public can prompt ... policy makers to take the necessary steps for regulating globalisation. Forty years ago, in May 1968, we witnessed an unexpected great revolt by students and workers ... that made De Gaulle tremble. ... So let us not lose hope."

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