Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-359-000"

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"en.20110217.18.4-359-000"2
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"Global food prices have reached dramatic levels recently. Indeed, last December they overtook the prices recorded at the peak of the economic crisis. The UN stated recently that it considered improbable the scenario where excessive demand in relation to supply would be behind these price fluctuations. In the mid-1990s a speculative market was created which had food products at its heart and has grown during the financial crisis. Speculators are currently taking advantage of the lack of regulation of the markets, earning millions from this activity. This type of speculative behaviour has a direct impact on people’s standard of living and can contribute to political instability. Therefore, I think that the European Union needs to combat speculation involving food prices through regulation and transparency. For this reason, I voted for the motion for a resolution on rising food prices."@en1

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