Deregulate financial system, Trump's biggest threat, according to Leonel Fernández

The former Dominican president and current president of the Dominican Liberation Party, Leonel Fernández, defended today that with the arrival of Donald Trump to the presidency of the USA, the congress of this country "seeks to establish deregulation mechanisms of the financial system" that, if they were to occur, "could predict another new crisis".

Madrid, November 13 (EFE) .- The former Dominican president and current president of the Dominican Liberation Party, Leonel Fernández, defended today that with the arrival of Donald Trump to the US presidency, the congress of this country "seeks to establish deregulation mechanisms of the financial system" that, if they were to occur, "could predict another new crisis".

The increase of populisms after the crisis of 2008 has been one of the main topics of the forum "Europe and Latin America in the Trump era", held in Madrid, in which there has been debate about various aspects of international politics, such as the arrival of Trump himself to power, his economic position in the Pacific, his position against climate change or the potential conflicts world scale.

During the day, held at the business school Next International Business School, Fernandez stressed that the figure of Trump "is not born from nothing", since from the Great Depression were brewing two political currents, "one globalist" and another that is the "America First", typical of the American president.

In this sense, the patron of honor of the Spain-US Council Foundation The American electoral system (sic) is the least safe. "

" Each State wants to maintain its voting system, so that this system allows to win the presidency without the popular vote ", has emphasized.

With regard to US international relations, Garrigues has pointed out that, after the "brexit", "if Europe loses the Anglo-Saxon world, it loses everything", and has had an impact on "Trump does not understand Europe, nor its complexity," because for his country, "the Pacific agenda is more important than the European continent or Latin America."

For his part, the former president Dominican believes that Trump's visit to Asia responds to a "bilateral free trade negotiation strategy", which seeks an advantageous situation for the US, to "convert the world in a supermarket where you can place your products. "

Before the question of the journalist and president of Next IBS, Manuel Campo Vidal, about Trump's stance against climate change, Garrigues has warned that, being one of the most powerful and polluting countries, "the US does not understand climate change, and if it affects companies, less".

Another of the topics discussed has that of terrorism, with potential conflicts like that of Russia, or the situation of some tension between the US government and North Korea.

"Kim's continuous provocations Jong-un are intended to force a negotiation to diplomatically recognize North Korea, "stressed Fernandez, who believes that Russia and China will not allow USA The only way out for Venezuela "is through a dialogue between the opposition and the government before the elections in October 2018", while in Colombia he explained that it is a country that "needed peace, although there are still wounds to heal. "

Garrigues has highlighted in the forum that" nothing that Trump promised has been fulfilled, "and that this paralysis does not only come from the side Democrat, but also of some sectors of the Republican Party.

In addition, he has seen that "we are going to see new problems of populism and nationalism", and that "new leadership "to deal with global problems such as migration, terrorism or inequality.