Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-23-Speech-2-207"

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"en.20080923.31.2-207"2
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"It is regrettable that the report by Rasmussen on hedge funds and private equity has been watered down following the compromise negotiations between the three largest groups in the Parliament. It is also regrettable that the amendments tabled by the Greens and the GUE/NGL group, which were directly taken from the Rasmussen draft report, were not adopted during the plenary vote. In spite of this, we decided to support the report in the final vote. This is due to the urgent need and necessity to counteract harmful financial speculation and instability on the markets. In this respect, the report could be seen as a step in the right direction. However, a stronger hand is required in applying these ideas. The secretive nature of many hedge funds is unacceptable as the system as it currently stands does not allow for transparency for the public. It is therefore difficult to assess the nature of hedge funds, and their capacity to contribute to sustainable social cohesion and economic stability cannot be ascertained by citizens."@en1
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