Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-077-000"
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"en.20110704.21.1-077-000"2
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"Mr President, to be able to control the various derivative instruments properly, you need to have people who have an excellent knowledge of them. However, ladies and gentlemen, where would anyone with such good knowledge go? To the European inspection agency where they will receive an annual salary of EUR 30-40 000, or will they become a broker on the stock exchange where they can earn millions from speculation?
This method of getting rich by using speculation and knowledge about how the system works has been known for two thousand years, ladies and gentlemen, as oligarchy. As a result of the games being played by the new financial oligarchy, Europe’s citizens, the very ordinary, poorest people, are now paying the price due to the fact that this oligarchy was left to its fun and games. This is why, in order to stop this act of robbery against European citizens, Commissioner, it is not just necessary but compulsory to ban uncovered short selling and credit swaps."@en1
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