Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-296-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20110608.20.3-296-000"2
lpv:hasSubsequent	lp_eu:2011-06-08-Speech-3-297-0002
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	vice-chair; Delegation for relations with the countries of Central America (2009-09-16--2012-01-17)3,3 unknown; Coligação Democrática Unitária (PCP-PEV) (2009-07-14--2012-01-17)3,3 vice-chair; EUL/NGL (2009-07-14--2012-01-17)3,3 vice-chair; EMPL (2009-07-16--2012-01-17)3,3 member; FEMM (2009-07-16--2012-01-17)3,3 substitute; ITRE (2009-07-16--2012-01-17)3,3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3,3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2012-01-17)3,3 substitute; Delegation for relations with the Mercosur countries (2009-09-16--2012-01-17)3,3
lpv:translated text	"We know – as it has indeed been demonstrated over the last few years – that credit rating agencies (CRAs) are not credible, but their actions, nonetheless, remain very damaging, especially to countries with weaker economies, and they make a living, above all, from disproportionately stimulating credit and capitalist financial speculation. They are, above all, the result of the financialisation of the economy – that do not translate or correspond to actual increases in productive activity – and they constitute a central part of neoliberalism’s development strategy, which is always seeking levels of profit that real production cannot ensure. While this report makes some criticisms of how these agencies operate, the truth is that it never gets to the bottom of the issue, or proposes public control of the financial sector, so as not to threaten the interests of large companies and financial institutions. We therefore call for effective regulation of the financial sector, and putting a stop to the liberalisation of capital movements, to tax havens, to derivatives, and to CRAs and their operations. We need a different fiscal policy that contributes to economic growth, social justice and balanced public accounts, so that it may contribute to the end of the tax benefits available in tax havens, to the taxation of profits made on the stock exchange, and to the introduction of an additional tax on the profits of large companies and financial institutions."@en1

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