PARIS, Feb 1 (NNN-PRENSA LATINA) - Latin America and Caribbean countries warned in a colloquium held here that the global economic and financial crisis still poses a threat and noted the high unemployment rate.

Delegates from Cuba, Uruguay, El Salvador, Venezuela, Peru, Paraguay, Honduras, Mexico, Colombia, Brazil and Chile are representing Latin America at the meeting.

Jourdy James Heredia, the Cuban delegate at the "Meeting of Progressive People from Latin America and Europe", sponsored by the French Communist Party noted that there are no signs of solution or stability in a short and medium terms.

"The Group of 20 has devoted in its summits to strengthening financial institutions that lack credibility, like the International Monetary Fund (IMF) which demands unbearable conditions and does not promote social programs," she noted.

James Heredia, an expert from the Cuban Center for Studies on the World Economy warned that if optimism about a recovery that prioritises private banks and companies remains, unemployment will increase.

"In that case, if capitalist countries cannot make deep reforms and prevent asymmetries with the rest of the world, we will see the explosion of the foreign debt at a global level," she stressed.
--NNN-PRENSA LATINA