Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-10-Speech-4-417-500"
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"en.20120510.69.4-417-500"2
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"Authors including W. Bernstein and Niall Ferguson have explained that major international trade is once again being organised along shipping routes, which means that piracy should be seen as a direct threat to the heart of our societies, on a par with terrorism. According to the Centre for Strategic & International Studies, piracy costs the global economy from USD 7-12 billion each year, with profits from trading in hostages alone thought to be around USD 250 million. A threat like this, which challenges the international rule of law and global stability, which latches onto and prospers parasitically from regions suffering failed governance and the infiltration of terrorist or criminal organisations, requires a firm and measured response, as called for by this joint resolution, which has my utmost support. The framework for international cooperation requires urgent reinforcement as the violent acts of these criminal bands are being met with isolated responses by sovereign states and private operators. A lack of legal and organisational coordination in this area threatens to nullify the considerable efforts and investments made in fighting piracy and risks, compounding the number of crises caused by differing interpretations of operating protocols and the pillars of international law, such as the crisis involving the two Italian marines who are still being held in India."@en1
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