Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-100"

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"en.20100922.4.3-100"2
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"It is only some two years after the onset of the severe financial crisis that the Council and Parliament have reached agreement on a package of what they call ‘financial supervision’ measures, but which, in fact, have been pared down to a minimal degree of intervention in this sector. Moreover, they have done so without first making the fundamental, basic decisions in this area, namely, to put an end to tax havens, to levy a tax on capital movements and to close the derivatives market. Nor do they propose making the European Central Bank more democratic or radically altering its objectives in order to prioritise jobs with rights and, at the very least, to seek a balance between social progress and public finances. That means that the main financial speculation mechanisms remain in the market and that the measures taken now are aimed more at facilitating control by the major powers and their financial groups over Member States with more fragile economies than at tackling the issue of financial speculation head-on and stamping it out. Moreover, we must not forget that this package forms part of the measures adopted by Ecofin for prior checks on national budgets, included in the so-called ‘European Semester’. That merits our strongest protest."@en1

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