Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-09-10-Speech-2-211-031"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2013-09-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Insider dealing and market manipulation (market abuse) (A7-0347/2012 - Arlene McCarthy)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20130910.34.2-211-031"2
lpv:hasSubsequent	lp_eu:2013-09-10-Speech-2-211-0712
lpv:speaker	lp:Paul Murphy2
lpv:spoken text	"The rampant speculation on the financial markets played a pivotal role in triggering the financial and economic crises that has dominated the world economy for the past five years. The brunt of these crises is being borne by ordinary working class people in Europe and across the world. Large sections of the financial sector have been "nationalised" as a means to turn private debt into public debt with the imposition of brutal austerity as a result. I am in favour of strong regulations that put speculators in the financial markets on a chain; rules on insider trading and market manipulation are certainly an important aspect of this. However, this is not enough. It is essential that there fundamentally change, not more cosmetic change, in the way the financial markets operate. This regulation still allows the covering up of information in order to preserve the 'stability of the financial system' and deemed to be what bankers and politicians consider the public interest. It would be in the public interest if the financial institutions and markets were to be nationalised and put under democratic control of working class people to guarantee full oversight and transparency and to redevelop the economy."@en1
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2012-01-23--2014-06-30)3 unknown; Socialist Party (2011-04-01--2014-06-30)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2012-02-29--2014-06-30)3 substitute; PETI (2012-01-19--2014-06-30)3 member; INTA (2012-01-19--2014-06-30)3 substitute; EMPL (2012-01-19--2014-06-30)3 member; Delegation for relations with the countries of South Asia (2011-04-06--2014-06-30)3
lpv:unclassifiedMetadata	"Paul Murphy (GUE/NGL ),"1 "in writing"1

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