PES Manifesto

News from the New World - Moving together and Wouldn’t it be wonderful?

Published Friday, November 14, 2008 at 14:56
by Editor (485 views and 0 comments)

Obama + 8

Moving together


Speaking at the University of Columbia with Professor Joseph Stiglitz (in the photo) about the financial crises, it is very striking how close our analysis is from both sides of the Atlantic. The consequences of this, the worst speculative crises since World War II! What went wrong? Why did it went disastrously wrong? What must we do to avoid a new disaster in the future?


I see that the ideas and proposals of the PES to regulate were well received here in the US, among progressives and Democrats. In the progressive environment of universities: from Stanford and Berkeley in California where I was participating in a conference three ago, to Columbia University in New York now!

Now, way forward is clear for me: we need to start on two road maps for regulatory reform, one in the US, one in Europe. But lets do it in such a way the two road maps are complementary. That is exactly what I am here trying to obtain a common direction. And we are definitely making big progress.

Obama + 8

Wouldn’t it be wonderful?


I am standing at the corner of 33rd street and 2nd Avenue reading the headlines of a fake edition of the New York Times “War in Iraq Ends”. A woman standing besides me, waiting at the traffic light, looking at the headlines of my newspaper. Spontaneously, she commented loudly: “wouldn’t it be wonderful?“


She’s right! But it seems to me, and to the woman too, only the new President - Barack Obama – can do it! And do it the right way!

Tags: financial crisis, Iraq, Obama, PES, Poul Nyrup Rasmussen, US