Cuban President Raul Castro met with the president of the Dominican Republic, Leonel Fernandez, after he gave a lecture on the global financial crisis at the main lecture of the University of Havana.

"We will issue bilateral issues, that are incumbent on the Dominican Republic and Cuba, as well as some regional issues," Fernandez told journalists outside the University before the reception and official talks of both presidents took place at the Revolution Palace.

Aside Fernandez, other presidents have visited Cuba this year; such us René Préval, from Haiti, Luiz Inacio Lula da Silva, from Brazil, and Hugo Chavez, from Venezuela, who has announced a new trip to Cuba next week to talk at the main lecture of the university.

The great political, economic, social and ideological discussion around the world is currently focused on the regulation or deregulation of the state market, Dominican president stated yesterday.

During a lecture at the Aula Magna of the University of Havana, president Fernandez pointed out to the audience that this dilemma defines, demist the global crises, who belongs to a progressive or conservative position.

The latest tendency is not to acknowledge the great impact that current financial and economic problems have had in many countries, began by the U.S. real estate in August 2007, Fernandez added.

A globally regulation is needed, the head of state emphasized at the presence of Cuban Vice President Esteban Lazo, other Cuban officials, foreign diplomats and University teachers and students.

Fernandez affirmed that the world emerged from recession by finishing the decline of the economy over two or more consecutive semesters; however, he added, we are not completely out of danger and there are still things that need to be solved.

Speaking about the subject, the president talked about the plight in Greece with a debt that exceeds the 100 percent of its GDP and causes major discomfort among workers in the European nation.

Undoubtedly, he stressed, this crisis, which is the biggest one after the Great Depression by the 30s, has proved the failure of neoliberalism, a conception that that set out the market should work without the state control.

Fernandez stressed that it is necessary to establish a balance between both sides, and foresaw the outbreak of a big revolution to save the mankind in the coming 30 or 40 years taking into account the state of current conditions.

He also mentioned some possible changes like  those related to new investment, technological products, transportation, and the use of wind and solar energy to replace fossil fuels for the benefit of the environment.

The situation in Latin America is really becoming difficult, but we should believe in a world with a lot of opportunities, the president said.

Fernandez highlighted that Mexico is the more affected country by the economic crisis in Latin America due to its relations with the United States, and Brazil and Argentina are the least damaged because of their commercial spreading and little dependence of Washington. He stated that the USA is the country with major inequity in the world, and criticized the Barack Obama government's decision to give U.S. $ 800 000 millions of dollars aimed at saving those banks on bankruptcy.

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