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STES-i asked the government not to speculate on the Stock Exchange Reserve Fund


With the news that the government is preparing a draft law on the part of the Fund Reserve of Social Security pensions may be invested in the stock market, the Confederation of STES-Inter, considering that the fund is to ensure the payment of pensions for all workers in a crisis, and that any economic swing which is reflected first in the bag, asked the government not to enact a law that a public body devoted to "play" with this money so important to the whole society.
is a primary duty of any government to ensure stability and improving the pension system, especially given the forecasts of progressive aging of the English population. Thus, the risk that 30% of this fund may be used for such speculation is not reduced by the fact that companies that choose to be "responsible to society and the environment" as serious as it is the very fact that public capital is invested in this sort of financial lottery.
The STES-i believe, therefore, that the Government must stop this bill in which, unfortunately, are also involved unions "most representative", which should at least stimulate a debate about it among all workers and employees.
demand, therefore, that this step will not be completed. Because if it is approved, who will henceforth ensure that other public funds to ensure the most basic rights of the population will swell the wheel well of speculation and enrichment of a few individuals and companies ?
STES-Inter, 26/04/2007

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