Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-382-000"

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"en.20121025.28.4-382-000"2
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"Mr President, the European institutions are still talking emphatically about partial aspects of financial regulation, in this case as regards the commodities markets. Yet does this approach fulfil the expectations that the European Commission itself created when from 2008 on it admitted the end of derivatives themselves? In our view, it obviously does not. It is clear that the fight against financial speculation falls well short of what is needed and cannot be tackled partially. What would be socially and economically fair would be to declare all-out war on the speculation system itself, attacking not just the form, but also the content. In this regard, we must not conceal the heart of the matter. What we need is to call for an end to the derivatives market and tax havens and have truly effective control by politicians of the financial world. Everything that is being done here amounts to nothing more than placing a miniscule spanner in the works, which will fundamentally keep operating."@en1
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