Rafael Correa, defends the concept of Good Living as alternative to the capitalist consumer model [View all]

[Catherina]

If interested, please read the whole article because my snips don't represent it well

Ecuadorian President suggests EU change Economic Policy

By Harald Neuber

Berlín, Apr 20 (Prensa Latina) ...

"It is not a concept of my government, it comes from our original peoples. The concept of the Sumak Kawsay says we need to live with dignity, not pursue to have more each day, but to live in harmony with nature and with the rest of the human beings", Correa said in an exclusive interview with Prensa Latina.

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"Because the measures taken in Latin America prolonged and deepened the crisis and unfortunately, that is what is being done in Europe", he added.

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"But of course, when the crisis arrived, the region was faced with the problem of over-borrowing as we lent too much, too many credits to military dictatorships without any social control, without any democratic legitimacy", recalled the President.

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At the same time, Correa stressed the importance of the new regional institutions in Latin America. What Unasur has achieved in these years of creation since 2008, much more than what the European Union advanced in the same period of time. We are going faster, but we have to go faster yet, he said.

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He described as absurd to use a foreign currency for trade exchange between Latin American countries. Because with that operation, wealth is transferred to the currency emitter, say the U.S. dollar or the euro.

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http://www.plenglish.com/index.php?option=com_content&task=view&id=1332441&Itemid=1

In the article, he also mentions that they're working on the "Bank of the South" to lend money under adequate conditions for projects, mainly of infrastructure for the development of South America" and says that things are finally changing but that's creating big enemies.