Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-403-500"

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"As we said in the debate, it is crucial to combat the speculation affecting the commodities market and to prevent the physical market from being obscured by the financial market for ‘derivatives’, whose volume has been increasing disproportionately over the years. However, in order for it to be protected from the speculation that makes raw materials inaccessible, it is not enough to talk about ‘transparency’ in general. We need to go further, including in the fight against speculative instruments and the derivatives market. There is also a need, however, for the exploitation of raw materials to comply with social and environmental rules, as well as respecting the sovereignty and interests of the states where these resources occur, including by developing cooperation with producer countries, particularly in Africa, whilst preventing any new forms of colonialism. However, as we know, the European Union’s positions in this area are taking on an increasingly imperialist character, as demonstrated by all its interventions, particularly in Libya. That is why we voted against."@en1

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