In the face of the world financial crisis, Argentina called from the podium of the UN for true economic reform to regulate run-away speculation and other factors undermining market stability, global development and well-being. Speculation on Global Platform: “Speculation apparently has no brakes and can move from one place to another and from one country or region to another, affecting currencies, economies and also the daily life of citizens, destroying jobs, depriving them of a worth education and of health care,” Argentine President Cristina Fernández de Kirchner (PHOTO ABOVE) told the General Assembly on the opening day of its annual general debate. “It is crucial that this be understood, because today it might be speculation on food, yesterday it was on oil, and tomorrow it could be on mints if that proves profitable and provides a better market position to those capital flows that are transferred from one end of the world to the other without any type of control or regulation,” she said. “Regrettably we continue in the same position because beyond what I would call totally cosmetic changes no serious steps have been taken towards the regulation that is required.” By Ambassador Muhamed Sacirbey

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