Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-309"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20100615.24.2-309"2
lpv:hasSubsequent	lp_eu:2010-06-15-Speech-2-3102
lpv:speaker	lp:Nikolaos Chountis2
lpv:spokenAs	member; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 unknown; Coalition of the Radical Left (2009-07-14--2014-06-30)3 substitute; AFET (2009-07-16--2012-01-18)3 member_of_the_bureau; EUL/NGL (2009-07-14--2014-06-30)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; SEDE (2009-07-16--2012-01-18)3
lpv:translated text	"I voted against because, although the report contains positive points and tries to introduce some minimum restrictions and rules to the derivatives market, in reality, it does not fundamentally address the issue. One of the basic causes of economic and financial instability is the development and increase in non-banking transactions, which include risk premiums and other financial derivatives. The recent collapse of the money markets and speculation against Greek bonds showed not only that the financial system needs strict regulation, but also that certain transactions, such as risk premium transactions, should be banned. In my opinion, it would be wrong and not enough to turn our attention merely to ‘regulatory policies’, such as those presented in the report, which neither put the problem into perspective nor offer adequate solutions."@en1

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