![]() But the financial sectors hold too much sway over politicians to let this happen. Samah El-Shahat: Yes nationalising some of the banks would have been the correct thing to do. Samah El-Shahat: Yes stagnating salaries in the West allowed us to get into bed with banks, because we had to borrow to live. Samah El-Shahat: I think what we are getting in the G8, talk-wise, from the global leaders is disappointing, they are talking about repairing the system, rather than reforming it.įroy: Samah pointed out in an article that the problem here is stagnating salaries throughout the world. Can President Obama be the catalyst to deliver sustained and a holistic change? Politicians have displayed a lack of respect and honesty in dealing with public funds and also the management of these funds. Viewer MC, London says: There is more reason now because of the unprecedented crisis for the G8 leaders to walk the talk and achieve an end to poverty. Europe has been too prudish in that regard – Germany is a case in point. The question we need to ask, is ‘how do we stop the unemployment rate from rising?’ Not enough is being done by governments from the fiscal side. Samah El-Shahat: Obama’s policies, particularly his fiscal stimulus package of $787bn is a good start, but he needs more of that. Noor, Canada: So Obama’s policies are not really making a diff in the US yet? America’s jobless rate last month was half a million. Samah El-Shahat: Sad to say this looks like a prolonged recession. Noor, Canada: Hey, so the obvious question Samah, are we still sliding down in this recession, or are we on the road to recovery? Samah El-Shahat: No they are not equal, I agree. Kobie, USA: Samah in order to do what you stated all countries would have to be equal which isn’t the case today. Samah El-Shahat: We should work towards a world that is governed by justice and fair trade. Our only chance at doing this is to promote free market democracies coupled with the rule of law. Viewer Robwash, Los Angeles says: First realize that we can never end poverty, but we might eliminate abject poverty. Helping Africa, climate change and the global economic crisis appear to be dominating the agenda at the meeting. Samah is here to answer your questions on the G8 summit in L’Aquila, Italy. Please let me start by introducing you all to Samah El-Shahat, the presenter of Al Jazeera’s People and Power. Click here to read the transcript of Alan Fisher’s debate.Īl Jazeera moderator: Welcome everyone. The following is a transcript of selected questions and answers from Samah El-Shahat’s livestation debate on the G8 summit in L’Aquila, Italy, which took place on Thursday, July 9.
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