Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-14-Speech-2-284"
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"en.20101214.32.2-284"2
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"The European Parliament continues to adopt reports relating to certain elements of financial regulation, but without ever getting to the bottom of the matter. Of course, it is better for there to be some regulation of financial transactions by private brokers and/or financial institutions. However, this is not the fundamental issue.
The report does not go beyond arguments for greater regulation of trading platforms, referring to the need for ‘increasing transparency and safety within the markets in financial instruments’, and to the need for ‘equitable treatment’ of multilateral trading facilities and regulated markets.
The fundamental question at issue here is the continued existence of the same old speculative system, yet the report only addresses the form of this speculation, and not the most important aspect: the content.
For our part, we continue to argue for an end to the derivatives market and to tax havens, as well as for effective control of financial powers by political powers, rather than
. Until this happens, any other policy will be merely cosmetic."@en1
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