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G20 Refusal To Tax Financial Sector Means Austerity For The Rest Of The World While The Banks Are Off The Hook

The G20’s emphasis on dealing with budget deficits through austerity measures rather than bringing in a financial transaction tax means the global financial sector will not have to contribute to a global recovery effort.

By urging cutbacks to government services, the G20’s actions could further harm the poor in their own countries and the poorest and most vulnerable people in the developing world, who have already suffered most from a financial and economic crisis that they did nothing to cause.

G8 Leaders Offer Little And Fail To Hold Themselves Accountable

The 2010 G8 Summit has ended with little to justify its existence or the costs incurred to host it.

Make Poverty History, Canada’s largest coalition of NGOs, faith-based groups, labour and student unions says the 8 leaders are offering the world’s poorest people a pittance in the midst of a growing economic and climate crisis.

In spite of Prime Minister Harpers declaration that this would be the "accountability" summit, there is barely a mention of what happened to past promises still unfulfilled.

The Communique is silent on the promise leaders made to double aid to Africa 5 years ago in Gleneagles, why they are $14 billion short on that pledge or what they will do about it.

G8 Maternal Child Health Intiative A Dismal Failure Prime Minister Unable To Rally Support Needed

Pregnant women and young children can draw little comfort from the G8 leaders’ meager offering to alleviate their suffering.

Stephen Harper’s announcement that his signature initiative has raised only $5 billion dollars from his G8 partners is nothing short of “shameful” says the anti-poverty coalition Make Poverty History.

“It displays indifference and irresponsibility to a tragedy that is fully preventable”, said Gerry Barr, Chair of Make Poverty History and CEO of the Canadian Council for International Cooperation.

At least 1000 women a day die from childbirth related causes, almost all of them in the world’s poorest countries. A staggering 24,000 children under 5 die each day. The gap in funding was $30 Billion, the G8’s share of that sum would be $24 Billion.

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