150 years of Comedia: Calmy-Rey calls for stronger banking regulation
At the 150th anniversary of the media trade union Comedia in Zurich on Saturday, Federal Councillor Micheline Calmy-Rey spoke out in favor of stronger banking regulation. The trade unions are also called upon to help with the reorganization in connection with the banking crisis.
At the 150th anniversary of the media trade union Comedia in Zurich on Saturday, Federal Councillor Micheline Calmy-Rey spoke out in favor of stronger banking regulation. The trade unions are also called upon to help with the reorganization in connection with the banking crisis.
According to SDA, the Foreign Minister told around 300 trade union members and guests that new regulations needed to be established, in particular stricter controls on risk assumption. A key point was also the review of bonus and incentive systems. After all, the banks depend on the support of the population.
According to Calmy-Rey, the medium and long-term effects of the government's countermeasures can hardly be estimated today. However, the state aid measures abroad and in Switzerland in support of UBS were necessary to stabilize the financial system and prevent worse things from happening.
However, Calmy-Rey said she understood that large sections of the population felt it was unfair if the people were asked to pay after years of bonuses flowing into bankers' pockets thanks to risky investments.
Financial crisis also an opportunity
Comedia Co-President Roland Kreuzer also saw the financial crisis as an opportunity: the purely profit-oriented market ideology and deregulation strategy of the last 20 years had been badly shaken. This shows that no social system can survive in the long term by ignoring the people.
According to Kreuzer, this is a testament to Comedia's own history and gives courage for tomorrow. Strengthening Comedia's ability to assert itself is important for the future. The current efforts to merge the media union with other trade unions should be seen in this context.
Comedia, which has 13,500 members, was formed just ten years ago from the merger of the Printing and Paper Union (GDP) with three smaller unions, the Book Trade Employees, the Lithographers' Union and the Journalists' Union. For its anniversary, Comedia took its inspiration from the GDP, which was founded in Olten in 1858. The Employees' Association of the Swiss Book Trade was also founded 125 years ago.
According to SDA, the Foreign Minister told around 300 trade union members and guests that new regulations needed to be established, in particular stricter controls on risk assumption. A key point was also the review of bonus and incentive systems. After all, the banks depend on the support of the population.
According to Calmy-Rey, the medium and long-term effects of the government's countermeasures can hardly be estimated today. However, the state aid measures abroad and in Switzerland in support of UBS were necessary to stabilize the financial system and prevent worse things from happening.
However, Calmy-Rey said she understood that large sections of the population felt it was unfair if the people were asked to pay after years of bonuses flowing into bankers' pockets thanks to risky investments.
Financial crisis also an opportunity
Comedia Co-President Roland Kreuzer also saw the financial crisis as an opportunity: the purely profit-oriented market ideology and deregulation strategy of the last 20 years had been badly shaken. This shows that no social system can survive in the long term by ignoring the people.
According to Kreuzer, this is a testament to Comedia's own history and gives courage for tomorrow. Strengthening Comedia's ability to assert itself is important for the future. The current efforts to merge the media union with other trade unions should be seen in this context.
Comedia, which has 13,500 members, was formed just ten years ago from the merger of the Printing and Paper Union (GDP) with three smaller unions, the Book Trade Employees, the Lithographers' Union and the Journalists' Union. For its anniversary, Comedia took its inspiration from the GDP, which was founded in Olten in 1858. The Employees' Association of the Swiss Book Trade was also founded 125 years ago.


