EIR's questions at Dansk Industri's conference on EU-USA trade negotiations

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EIR Raises Glass-Steagall, and New Strategic Situation after
Syrian Agreement, at Danish Industry Conference

COPENHAGEN, Oct. 7, 2013 (EIRNS) -- {EIR} was able to raise
Glass-Steagall and the new strategic situation in the context of
the Syria agreement, during its intervention into the conference
of the Confederation of Danish Industry on "A New Era for EU-U.S.
Trade," with several hundred participants.
        After the address of NATO General Secretary, Anders Fogh
Rasmussen, the former Danish Prime Minister, in which he promoted
an "economic NATO" free-trade agreement, {EIR} asked whether, in
the context of the strategic shift over Syria from a war dynamic
to peace negotiations with the agreement between Kerry and
Lavrov, this could also lead to closer economic and strategic
relations among the U.S., and Russia, China, and India?
        Fogh Rasmussen, who brought Denmark into the war in Iraq and

presided over NATO's war in Libya, responded that the Syrien agreement is very
important, but that it came about because of credible threat of
military action, especially by the U.S. and France, neglecting the

opposition to a new war in Syria from the U.S., U.K. and other

nations' , military, many

parliamentarians and congressmen, and the citizens. But, he continued, the
Syrian regime is continuing the killing with conventional
weapons. There is no military solution, we need a political
solution.
        As for the agreement paving the way for economic cooperation
with Russia, et al, he said, hopefully, yes. Russia is very
dependent on interaction with the EU and the U.S. With Russia and
China joining the World Trade Organization, we have the framework
for increasing trade between them and the EU and U.S. Whether
this agreement over Syria will facilitate this process, I'm more
doubtful, but it is in the interests of Russia and China to
engage more economically with the EU and U.S.
        During the second panel with business representatives, {EIR}
stated that every speaker had referenced the global financial
collapse of 2007-8. Economist LaRouche has called for
Glass-Steagall as the first necessary step to revive and expand
the productive economy, so that governments are not made
responsible for the banks' speculative gambling debts. Instead of
austerity, we could create long-term credit for agriculture,
industry and high-tech infrastructure. The question is how we
will finance growth of the productive economy?
        The moderator asked the American trade agreement
representative to answer, who is a U.S. business association rep
who deals with "financial services." He came out against
Glass-Steagall, stating it is an idea which is out there in
Washington, but that there wasn't a majority for it in the
Congress, and that his organization does not support
Glass-Steagall as the way forward. The European trade
representative said that he is not sure that a simple solution of
separating the banking sector would provide the right result, but
that, however, the EU is trying to include regulation of
financial services as part of the trade agreement between the EU
and the U.S.
        {EIR} was able to speak to many of those attending including
speakers and other representatives of industry, government,
embassies, and the media, and also to distribute LaRouche's
statement on the budget crisis. (mr_)