Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-434-027"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-11-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20111115.27.2-434-027"2
lpv:hasSubsequent	lp_eu:2011-11-15-Speech-2-434-1302
lpv:speaker	lp:Nikolaos Chountis2
lpv:spokenAs	member; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 unknown; Coalition of the Radical Left (2009-07-14--2014-06-30)3 substitute; AFET (2009-07-16--2012-01-18)3 member_of_the_bureau; EUL/NGL (2009-07-14--2014-06-30)3 substitute; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; Delegation to the EU-Ukraine Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; SEDE (2009-07-16--2012-01-18)3
lpv:translated text	"Short selling and credit default swaps are one of the root causes of the present financial crisis. We now know that these are practices that were abused by speculators to the detriment of Member States’ economies. I abstained on this particular report because, even though it proposes certain measures to control these destructive ‘financial instruments’, it is basically inadequate and lacking in political courage and ultimately compromises with financial interests. Guaranteeing stricter regulatory rules and greater transparency in short selling are fairly important steps, but they are not enough. Given the catastrophic role that these financial products and the speculative practices associated with them have played, what we need is to ban them, not simply to regulate them more strictly."@en1

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