The Australian Greens have indicated their support for the call by major church providers for the establishment of a ‘crisis and recovery fund' to help those most hurt by the global financial crisis.
"The real face of the global financial crisis isn't the banks, it is the families on the margins; those who are losing their job; those who are at risk of having their mortgage foreclosed for the first time in their lives," said Senator Rachel Siewert today.
"We need an urgent preventative response to ensure that the new jobless do not lose their homes and end up despairing and being driven into welfare dependency."
"An immediate recovery response would produce a win/win for the government - as it both provides an immediate and very direct fiscal stimulus ... and it greatly reduces the long-term costs of income support if families become homeless," she said.
"I sincerely hope that Prime Minister Rudd will be putting this front and centre on the agenda at this weekend's Council of Australian Governments (COAG)," concluded Senator Siewert.
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