Resolution

Yes the Delegate of Estonia does have a resolution although the unemployment problem was not added, but that can be discussed later. if the other delegates do have any resolution for unemployment then feel free to add it.
the Delegate of Estonia has written this draft resolution:

Topic: Framework to prevent future global financial crisis
Submitted to: The Economic & Social Committee
Sponsored by: Estonia

THE ECONOMIC & SOCIAL COMMITTEE,

Aware that many governments were unaware of the extent of banks financial actions regarding loans and that this was a major cause of the 2008 Financial Crisis,

Concerned that some countries do not have strict enough laws to control businesses that have unsustainable or dangerous financial practices in the search for short term profits and investments,

Noticing that a major aggravating factor in the European Financial Crisis was that not all members of the EU had the currency of euro including the United Kingdom and Estonia and therefore had trade problems,

Noting with Approval that stimulus packages have proven successful in helping citizens increase spending which in turn keeps businesses going and, reversing the downward economical spiral

Acknowledging that the housing bubble in the USA which had been caused by banks making short term profits but not caring if it was sustainable, which was a major cause of the Financial Crisis,

1. Encouraging member stats to research better IT technology that the can use to monitor bank transactions which will be part funded for developing nations by a World Bank Fund;
2. Recommending governments of free market based countries enforce laws which control and monitor the financial transactions of banks regarding short term profiteering, loans and lending practices in the next 2 years;
3. Resolves to make the currency of all members of the EU, the Euro by 2015, this will include all countries in the boundaries of Europe;
4. Calls upon member states to expand Stimulus Packages by allowing more parties to receive them to prevent further financial crises, starting in the year 2011;

The delegation from the Russian Federation is partial to this resolution.

Estonian Delegation wrote:1. Encouraging member stats to research better IT technology that the can use to monitor bank transactions which will be part funded for developing nations by a World Bank Fund

The delegation from Russia believes that the technology to monitor short-term monetary transactions already exists, and is in the public domain. Therefore, funds for this particular issue are unnecessary. Developed countries are already able to(and are) monitoring monetary transactions through banks. The problem is the enforcement or enactment of certain policies.

Estonian Delegation wrote:2. Recommending governments of free market based countries enforce laws which control and monitor the financial transactions of banks regarding short term profiteering, loans and lending practices in the next 2 years

The delegation from the Russian Federation believes in this instance, the resolution is irrelevant to the topic. The topic is to propose a framework to prevent future financial crisis. A policy such as the one you have mentioned, lasting only 2 years, would not function to prevent a future crisis. The Russian delegation proposal is to extend this policy indefinitely, as opposed to 2 years. Of course, other delegates, primarily those who advocate more private enterprise(i.e more conservative) would not agree with this issue. That said, the official stance of the Russian government is that such a policy would be acceptable.

Comrade Stalin lives on, my friend. For Mother Russia!

dear delegate of Estonia,
Could you please upload your final draft resolution, so we can try fitting it into the agenda for debate?
The sooner, the better.
Regards

Sorry for the delay, here is my final resolution unless my teacher is still going to edit it

Topic: Framework to prevent future global financial crisis
Submitted to: The Economic & Social Committee
Sponsored by: Estonia

THE ECONOMIC & SOCIAL COMMITTEE,

Aware that many governments were unaware of the extent of banks financial actions regarding loans and that this was a major cause of the 2008 Financial Crisis,

Concerned that some countries do not have strict enough laws to control businesses that have unsustainable or dangerous financial practices in the search for short term profits and investments,

Noticing that a major aggravating factor in the European Financial Crisis was that not all members of the EU had the currency of euro including the United Kingdom and Estonia and therefore had trade problems,

Noting with Approval that stimulus packages have proven successful in helping citizens increase spending which in turn keeps businesses going and, reversing the downward economical spiral

Acknowledging that the housing bubble in the USA which had been caused by banks making short term profits but not caring if it was sustainable, which was a major cause of the Financial Crisis,

Experiencing that Unemployment rate increases every time a financial crisis happens and that many people get affected by it

1. Encouraging member stats to research better IT technology that the can use to monitor bank transactions which will be part funded for developing nations by a World Bank Fund;
2. Recommending governments of free market based countries enforce laws which control and monitor the financial transactions of banks regarding short term profiteering, loans and lending practices in the next 2 years;
3. Resolves to make the currency of all members of the EU, the Euro by 2015, this will include all countries in the boundaries of Europe;
4. Calls upon member states to expand Stimulus Packages by allowing more parties to receive them to prevent further financial crises, starting in the year 2011;
5. Recommends countries who in the event of a financial crisis get affected by unemployment rate should:
a) Introduce job sharing initiatives to avoid unnecessary redundancies
b) Take measures to make income protection insurance cheaper and more widely available
c) Provide welfare for unemployed people at sufficient levels to enable them to continue to be a contributor to the economy