Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-403-250"

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"en.20110913.34.2-403-250"2
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"The report demonstrates the concerns of an EU increasingly feeling the constraints resulting from shortages of raw materials. We have before us an increasingly real clash between a system founded on the irrational exploitation of natural resources and the natural limits of an Earth that is finite, albeit generous. As a result, disputes about the existing reserves of some essential raw materials are increasing and taking on violent expressions, as has been happening in North Africa, and the Near and Middle East. States’ sovereignty and interests are being disrespected, and new and worrying forms of colonialism are being put into practice, with recourse to war where necessary, as in the case of Libya. Another important issue that the report conveniently does not tackle is speculation on the commodities market. That is why we have made proposals with a view to preventing the physical market from being obscured by the financial market for ‘derivatives’, whose volume has been increasing disproportionately over the years. In order to attack the speculation that makes raw materials inaccessible, it is not enough to talk about ‘transparency’ in general, as the report does. We need to go further, including in the fight against speculative instruments and the derivatives market."@en1

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