Business Forum rejects "statizing" tendencies

Ibero-American business leaders meeting in El Salvador rejected the "statizing" trend that is occurring in some countries.

Wednesday, October 29, 2008

The businessmen, who are meeting at the traditional Business Forum held parallel to the presidential summit, made a call to governments to maintain a system that balances political and economic freedom, and the rule of law that guarantees free competition and full respect for private property.
In the final declaration of the meeting, the private sector affirmed that states must look after the proper and efficient functioning of their financial systems, but asked that governments abstain from carrying out "statizing" actions and limit themselves to supervising the systems "without unnecessary interventions."

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