Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-420-000"
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"en.20110216.15.3-420-000"2
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"Madam President, today in the European Parliament we are discussing the issue of rising food prices. This phenomenon, of rising food prices, is felt by consumers in Hungary and other European countries alike. Those who do not feel it are farmers and, in particular, smallholders. How is this possible? Where does the money go? This puzzle, this mystery is solved, among others, by point (d) of the excellent motion for a resolution submitted by the Group of the Greens/European Free Alliance, but the whole motion for a resolution is in itself excellent and I must congratulate them on it. It also offers detailed answers and solutions. Point (d) draws attention to the phenomenon of speculation. It states that there has been an increase in speculation by purely financial institutions, that is, the commodity market speculation of money capital, which is causing an artificial inflation of commodity prices. We therefore partially have the solution. The money goes to the speculators, and to the purchasers and traders whose hunger for profits often knows no bounds.
How proud the Hungarian people would be if the Hungarian Presidency treated the resolution of this issue, that of food speculation, as a priority. I must ask the attending representative of the Hungarian Presidency whether we can by any chance count on this, and I ask Mr Cioloş, EU Commissioner for Agriculture, what solution he envisages to food-related speculations."@en1
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