Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-20-Speech-2-391"
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"en.20080520.29.2-391"2
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"Madam President, Commissioner, thank you for this relatively long and interesting response. Nevertheless, in relation to one of the elements that triggered this crisis of financial speculation on agricultural products, I would like to ask you whether, following the scandalous behaviour of certain European banks – KBC and Deutsche Bank in particular – which, as you know, conducted entirely ‘unethical’ advertising regarding speculation on food products… I would like to ask you what the Commission intends to do about this.
Along with my colleague Mrs Carlotti, I wrote a letter to President Barroso on 6 May, for which I have not yet received an acknowledgement, but I hope to receive a reply one day. The letter requested and proposed taking every measure aimed at banning, and I will read from the text: ‘the offering, dissemination or promotion of financial instruments within the European Union, including investment insurance and in particular insurance products associated with investment funds, if their yield is directly linked to speculation on the increase in the price of food raw materials’.
Could you tell me what the Commission’s intentions are in this respect?"@en1
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