Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-029-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-07-04"^^xsd:date2
dcterms:Is Part Of	lp_eu:Derivatives, central counterparties and trade repositories (debate)2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20110704.19.1-029-000"2
lpv:hasSubsequent	lp_eu:2011-07-04-Speech-1-030-0002
lpv:speaker	lp:Jürgen Klute2
lpv:spokenAs	member; Delegation for relations with the Mercosur countries (2009-09-16--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 unknown; DIE LINKE. (2009-07-14--2014-06-30)3 substitute; BUDG (2009-07-16--2012-01-18)3 member; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 member; EUL/NGL (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, Mr Goebbels has just set out very clearly the role that derivatives played in the financial crisis and what scale they possess. In view of this enormous scale, many citizens are calling for such financial products to be taken off the market altogether. We called for that too. However, we realise that such a small political group as ours has no chance of achieving a majority for this. We have to accept that, and we do. Nonetheless, I would like to emphasise once again that we thought it would be sensible to go further in this regard. On the other hand – and I say this to Mr Langen clearly and with respect – in our view the resulting report is acceptable and fair. Three important points from our perspective are the clearing obligation, the authorisation and monitoring of central counterparties and the reporting requirement for derivatives traders. These seem to us to provide an important and capable basic framework and a sound infrastructure that will enable us to arrive at a rational regulation. Moreover, this regulation is essential if we are to be able to levy a financial transaction tax – which is currently a subject of debate – on derivatives transactions. Although we have not succeeded in asserting all our demands, we believe that this report is absolutely worthy of our support. I would like to mention one more point that I considered to be particularly important: the reference to the problem of trading in food commodities and the associated speculation. We were only able to include this reference in the recitals; Mr Langen was prepared to do this. This point will come up again as the Markets in Financial Instruments Directive (MiFID) progresses."@en1
lpv:unclassifiedMetadata	"(The speaker agreed to take a blue-card question under Rule 149(8))"1
lpv:videoURI	<go to Events_and_structure europarl>2

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