UN General Assembly
2012

worst effects of this crisis, but the situation is still precarious. According to forecasts, many developed countries will experience stagnation and in some cases recession. Economic growth has slowed down in many other countries. Today, unemployment has reached the highest levels, in particular among young people and women. Increases in the prices of food products and persistent inequalities contribute to higher poverty rates and cause increasingly violent social tensions. Problems connected with sovereign debts in Europe have further worsened global economic crisis. The crisis has severely hit many countries of the world, thus becoming one of today’s major challenges to our Organization as well. It is now more than ever necessary to find new strategies, solutions and, more importantly, to create a sense of solidarity among our countries and peoples. For those reasons too, the organization this year of a thematic debate on the state of the world economy and finance was extremely important. My country firmly believes that this exercise should be repeated at this session of the General Assembly and perhaps at later