Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-20-Speech-2-988"

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"en.20080520.23.2-988"2
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"I voted in favour of the own-initiative report by my Swedish fellow Member Mr Holm on trade in raw materials and commodities. I agree with the idea that there is a need to secure the European Union’s supply of raw materials and to ensure access to raw materials on the world markets, while noting that the European Union currently does not provide a coherent strategy that would allow its economy to face the challenges to its competitiveness due to enhanced competition for access to raw materials. I am disappointed that the report does not discuss the issues linked to currency manipulation in the world which, together with reduced exchange rates, distorts fair competition. Among the raw materials, oil would have merited particular examination and I reiterate my proposal to create a European instrument for the annual regulation of crude oil prices, which is at least worth looking into – not to fight market forces, which we have to accept, but to regulate the suddenness of their application in the internal market and soften the impact of crude oil price rises in the cost/price chain of the sectors concerned (fishing, transport, etc.)."@en1

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