Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-24-Speech-2-023"
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"en.20080624.3.2-023"2
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"Mr President, ladies and gentlemen, I really hope we have learnt something from the lesson of Ireland. From what Mr Crowley has said, it seems to me that serious and honest account has been taken of the real voice of the people in Ireland.
Mr Crowley spoke of fishermen and was right to do so. It is the Europe of people who work, who produce, of the real economy, that has made itself heard through the Irish referendum: it wants a different Europe. The Europe that inspired the work and thinking of the founding fathers, not a Europe of bureaucracy, very often and in my view almost always, deaf to the voice from the real economy.
Let us consider the issue of the price of agricultural products and foodstuffs and in particular the current oil crisis. What is Europe saying here? It seems to me that there is very little in the recent European Council report. That is serious! At a time when world finance has discovered that gambling on oil futures is safer and more convenient than gambling on gold, or on currencies, securities, shares and all the other commodities. Any such silence, unbelievable as regards the oil futures bubble, is worrying, as we know that on Wall Street global finance is trying to plug the budget holes wreaked by the cataclysm of sub-prime lending, speculating on poor people, on people who work and produce. Europe then says nothing about the explosion, at a time when Goldman-Sachs is predicting a price per barrel of 200 dollars. As the merchant bank that is financing the speculators, it has to be well informed! There is a madness at large in the most complete deregulation. Europe should have the courage to say so!
No action either to check that there is real trade behind the virtual transactions. Nor are the rules being applied on the payment of security margins, which are designed to tax pure speculation and to differentiate it from genuine risk coverage operations. In my view, Europe now has to tackle its citizens’ real problems. That is the message of the Irish people: defend us from world speculation; defend our citizens and the economies of Member States which are suffering as a result of this speculation about which Europe lacks the courage to say anything at all!"@en1
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