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PACE: 'The financial crisis was man-made'

The financial crisis which triggered the economic crisis was literally “man-made”, the Assembly said today at the end of a debate on women and the crisis. And this crisis, it added, could have been avoided if there had been “more women in decision-making positions”.

To avoid the risk of history repeating itself, and following the proposals by the rapporteur Nursuna Memecan (, ALDE) the parliamentarians called for measures for gender-balancing in the boardrooms and top leadership and decision-making positions. Immediate action, they said, should be taken to ensure gender balancing when reforming the financial institutions and regulatory and oversight mechanisms. European governments should gender mainstream their rescue and recovery packages, the parliamentarians added.