Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-10-Speech-3-150"

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"en.20101110.16.3-150"2
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"We are talking about a very important matter, especially bearing in mind the problems that occurred in the financial sector with this type of alternative investment funds. However, the truth is that these solutions do not solve the fundamental issues. The regulations are clearly insufficient and significant factors for speculative risk remain, as will be seen in the future. It is not enough to talk about supervision and regulation. What was needed was a clear position, putting an end to financial derivatives and to hedge funds, while also ensuring effective public and political control over the whole financial sector, especially over financial transactions, including an end to tax havens at a global level. The European Union must lead by example."@en1
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