Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-18-Speech-1-196"

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"en.20101018.17.1-196"2
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"Mr President, we had the worst food crisis in 2008. The price of cereals rocketed and, as a result, massive populations went hungry, especially in Africa. At the same time, we had the highest levels of cereal production. Biofuels were blamed for this paradox. It ultimately transpired that the blame lay with credit companies which, once they had finished playing games on Nasdaq and the bubbles on the property market had burst, turned their attention to government debt and prices for basic foodstuffs, for the purpose of speculation. These games impoverished millions of our fellow citizens the world over. We can no longer allow these companies to act with impunity and we now need to define a clear operating framework for these companies at European and global level."@en1
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