Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-13-Speech-1-238"
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"en.20101213.22.1-238"2
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"Mr President, I would like to thank you for allotting time so generously. From now on, I will pay particular attention to which sittings are conducted by you, and I will attempt to attend all of them. Mrs Swinburne’s report is very important in that we are finally discussing the regulation of trade in financial instruments. The first and most significant mistake in connection with the report is that the report and the call for further regulations is a belated step. Secondly, if the regulatory framework has been unclear so far, we must explore retrospectively and in depth everything that has happened. I believe that the exclusion of major investments from the scope of stricter supervision is a meaningless and outright mistaken step. Not only the nature of trading, but also the derivatives issued need to be investigated, and new issues must be subject to stricter regulation.
Inflation is actually stimulated by derivative financial market products. The burden of this is borne by the population, while the profits are cashed in by various international legal entities, whose background is not always clear. Moreover, it would not be favourable to redirect profits pocketed in this manner into the real economy, as this may lead to the entire planet gradually slipping into the pockets of the wealthiest."@en1
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