Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-29-Speech-4-220-000"
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"en.20120329.36.4-220-000"2
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"Madam President, I will use my explanation of vote – having voted for this report – to draw the attention of the House, or at least what remains of the House, to a very important statement, the statement by the Nobel prize-winning economist, Joseph Stiglitz, who – we read in the periodical of the University of Columbia, where he lectures in economics – has revealed that the decisions of the European Central Bank (ECB) are made according to instructions from a little-known organisation called the International Swaps and Derivatives Association.
These statements are, at the very least, worrying. Does the European Union intend to find out whether these significant and weighty statements are true? Because of all the things we find out about derivatives, one thing is certain, and that is that there is an organisation and a mysterious trafficking that allows the system of major international speculation to decide on the policies which then affect actual people, working men and women who are responsible for producing in Member States, and this does not correspond to our vision of a Europe which needs to be a Europe of people and regions, not of bankers."@en1
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