Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-10-Speech-3-162"
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"en.20100310.19.3-162"2
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"Mr President, I abstained on the financial transaction taxes resolution because it is hopelessly inadequate for tackling the obscene antisocial speculation around the world by giant hedge funds and so-called ‘prestigious’ banks like Goldman Sachs.
recently reported on a private dinner in New York on 8 February, involving 18 major hedge funds, where speculation against the euro was discussed. For months now, these financial sharks, known as hedge funds, which control over EUR 2 000 billion, have been deliberately speculating against the euro, and against Greece in particular, in order to reap billions in private profit.
Incredibly, the EU Commission not only fails to raise a finger to stop them, but actually conspires with these financial criminals by bullying the workers and poor of Greece, demanding that their living standards be savaged to pay the ransom demanded by these parasites.
We do not need a financial tax. What we need is to take public ownership and democratic control of these hedge funds and major banks in order to use their massive resources for investment that will end poverty and benefit society, rather than destroying society for private greed."@en1
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