Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-26-Speech-5-199-000"

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"en.20121026.23.5-199-000"2
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"Mr President, I support this piece of legislation. The recent financial crisis has exposed several weaknesses within the multinational economic framework. In order to correct these, the present sustainable development and cooperation strategy should include the proposals outlined in the amendments to the Commission’s draft. For example, one proposal involves greater transparency and more oversight of less-regulated markets. The intention of this proposal is to develop effective competition between the trading of financial instruments. We also need to eliminate trade barriers and discriminatory trade practices. By abolishing these obstacles, the market system will decrease risk, better protect investors and increase the efficiency of the financial markets. It will also reduce unnecessary costs for investors and participants. Therefore, the passage of this legislation will not only lead to economic growth but will also ensure that all Europeans are united under one social and economic framework."@en1
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