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Opening the general debate of the Second Committee (Economic and Financial) this morning, Nitin Desai, Under-Secretary-General for Economic and Social Affairs, said it was still premature to assess the impact of the 11 September terrorist attacks on the global economy. However, there were already indications that the global economic slowdown was much deeper than expected. The representative of Belgium, speaking on behalf of the European Union and associated States, noted that the Committee could make a useful contribution in response to the challenges posed by the attacks on the United States. Chronic underdevelopment and poverty were sometimes a breeding ground for extremism. Persistent poverty, a deficient educational system and an oppressive political climate could all give rise to fanaticism. By pursuing its work on sustainable development, the Committee would contribute indirectly to restoring the values of freedom and tolerance, which were intrinsic to globalization with a human face. Stephane de Loecker (Belgium), speaking on behalf of the European Union, Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, Cyprus, Malta and Turkey, said that the Committee could make a useful contribution in response to the challenges launched on 11 September. Chronic under-development and poverty were sometimes a breeding ground for extremism.

* Title edited by the Editorial Staff of Breaking News

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