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Wealth concentration is a ticking time bomb :Yunus warns members of European Parliament

10th June, 2017

Wealth concentration is a ticking time bomb :Yunus warns members of European Parliament

Yunus Centre Press Release (10 June, 2017)

Queen Mathilde of Belgium Hosts lunch for Yunus  And other SDG Advocates at the Royal  Palace.

Nobel Laureate Professor Muhammad Yunus addressed over one hundred members of the European Parliament in Brussels, who assembled to hear him and Erna Solberg , Prime Minister of Norway, and two  other speakers invited by the  European Parliament's parliamentary committee   on international development. Yunus told the parliament members that wealth concentration is getting worse every day. That it is no longer a matter of wealth inequality, it has become wealth monopoly.  Unless we redesign the present capitalist system the system will explode. It has become a ticking time bomb. Yunus   was attending the European Development Days conference as a participant in the global debate where there were 120 sessions, 7,000 participants from around the world .  Yunus spoke at five   different official sessions at the event and presented his idea of social business and three zeroes. Speaking at the session on "Nobody should be left behind” he said the present system is built precisely to leave 99 percent of people behind, and keep them behind, and is not capable of doing it other way. He proposed the ways in which the present system can be changed.

High profile SDG advocates exchanged their views on implementing strategies of SDGs and articulated their proposals regarding implementation of the goals in Brussels, Belgium on June 7-8 2017.

At the luncheon meeting  hosted for SDG   Advocates  by Her Majesty  Queen Mathilde of Belgium  discussion took place on the what role the advocates can play in implementing SDGs, at the Royal Palace. The Queen herself if one of the SDG Advocacy Group of  the United Nations along with Professor Yunus and others.

This year’s theme of EDD was 'Investing in Development'. Professor  Yunus joined the Signing Ceremony of the new European consensus for development, which was signed byPrime Minister of Malta, Joseph Muscat, on behalf of the Council and Member States, the President of the European Commission, Jean-Claude Juncker, the High Representative/Vice President, Federica Mogherini, and the President of the European Parliament, Antonio Tajani

EDD was inaugurated by President of the European Union Mr Jean-Claude Juncker, addressed by International Monetary Fund (IMF) Managing Director Christine Lagarde , Commission Vice-President and High Representative of the Union for Foreign Affairs and Security Policy Federica Mogherini,  Malta’s Prime Minister Joseph Muscat , Presidents Jean-Claude Juncker and Antonio Tajani. Alpha Condé, President of Guinea and Chair of the African Union, Arthur Peter Mutharika, Malawi’s president, Ghana’s President Nana Akufo-Addo , Bolivia’s President Evo Morales , Macky Sall, President of Senegal,  Guyana’s President David Granger , President Paul Kagame of Rwanda.


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