Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-11-Speech-4-965"
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"en.20101111.21.4-965"2
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"With the negative consequences of the economic crisis throughout the world in mind, I consider that it is quite proper for the European Parliament to try and control the activity of alternative investment funds. Given the huge EUR 1 000 billion turnover of these funds, any mistake in their application could have an extremely negative effect on European financial stability. This directive is extremely important and timely, since financial and stock market speculators and dishonest investors will always try to exploit these funds for their personal enrichment. The directive provides for certain restrictions and offers the EU the possibility to prevent the vulgar exploitation of these funds. I hope that this represents only the first step in this direction."@en1
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