May 24, 2008 (LPAC)--A top cast of European statesmen sent a letter, dated May 19, to European Union Commission President José Manuel Barroso, the President of Slovenia, who holds the current EU presidency, and to Nicolas Sarkozy, the president of France, which takes over on July 1, proposing a new financial policy be adopted during France's presidency of the EU. ‘The financial markets cannot govern us,’ is the title of the letter, published in Le Monde, on May 22 with the title Mad Finance Should Not Rule Us.

The content of the letter is not foreign to documents circulated by Lyndon LaRouche, Helga Zepp-LaRouche and by Jacques Cheminade in France. Helga Zepp-LaRouche qualified it as "a major blow against the oligarchy''.

Here is the concluding portion of the letter: "It is time to set up a European Crisis Committee gathering high-profile politicians, former Heads of State and Government or Finance Ministers, as well as renowned economists and financial experts of all continents. This Committee should have the following tasks:

—"To make an in-depth analysis of the financial crisis, in the wider context we have tried to outline above.

-- "To describe and assess the economic and social risks entailed by the financial crisis to the real economy, particularly in Europe

-- "To suggest a series of measures to the Council of the European Union in order to avoid or limit these risks

-- "To present to the Council of Ministers, the Members States of the UN Security Council, the Director-General of the IMF and all authorities and bodies concerned a set of proposals to limit the effects of this crisis and prepare a World Financial Conference in order to rethink the rules of international finance and the governance of global economic issues.

The letter was signed by two former presidents of the EU's Commission (Jacques Delors of France, Jacques Santer of Luxembourg), one former Chancellor of Germany (Helmut Schmidt), 7 former Prime Ministers (Michel Rocard, Laurent Fabius and Lionel Jospin of France; Massimo d'Alema from Italy; Pavvo Lipponen from Finland; Goran Persson from Sweden, and Poul Rasmussen from Denmark, who wrote the letter) and also signed by five former ministers of economics and finance: Daniel Daianu (Rumania), Hans Eichel (Germany), Par Nuder (Sweden), Ruairi Quinn (Ireland), Otto Graf Lambsdorff (Germany).

The letter was written by Denmark's former Social Democratic Prime Minister Poul Nyrup Rasmussen, now head of the Socialist group in the European Parliament, and also covered in the Danish press, including Jyllands-Posten. Nyrup Rasmussen recently wrote a book against hedge and capital funds called "In Times of Greed." On May 22, the letter was attacked by Ambrose Evans-Pritchard in the London Times.