SANTO DOMINGO .- President Leonel Fernandez and the Superintendent of Banks, NG Haivanjoe Curtis, held last night at the Global Foundation for Democracy and Development (FUNGLODE) opposing positions on measures to be taken by the international community to curb speculation in the prices of food and fuel.
The little debate between the president and his deputy came after the director of the Division on Globalization and Development Strategy of the United Nations Conference, Heiner Flassbeck concluded a conference in the auditorium of Funglode, and Fernandez intervene to raise prohibit the establishment of financial speculation on food and fuel and has a division between commercial and investment banks, which would be prohibited in future markets.
After the head of state present their ideas, NG Curtis took a turn, but previously said "knowing it to you, Mr. President, I venture to ask," want to emphasize that the head of state would not bother to listen to disparate ideas the he asked.
After making a theory about why "migratory movements have occurred in the balance of capital markets and commodity markets," the official went on to contradict the views of its president and political leader.
"I think therefore suggest a regulatory policy based, at least in the fuel component and speculation, I think it would be an unnatural, because speculation is part and parcel of the economy and all the movements that occur in the economy, for better or for worse, is part of the economy, " NG
Curtis continued, "breaking" the concepts of President Fernandez, who watched him carefully, adding that prohibit financial speculation, which produces about future markets, with regulatory measures, it would kill "the ingenuity of investors and creativity of the diversification of financial products. "
considered that rather than advocate for a ban on financial speculation, I would propose to set limits on financial speculation in the investment portfolio.
And as expected, President Leonel Fernández returned to riposte Curtis NG arguments, but before he said "look Haivanjoe, and his position is secure, no problems," and continued saying that he had to differentiate between the original speculative markets in the late nineteenth century Chicago and the twentieth century and this new phenomenon that has 20 or 25, which is rather a speculative financial market.
"Where the actors involved have nothing to do with physical products. Then there is the elimination of speculation, always will (using a slightly different position), we want to discuss is whether to allow institutional investors (companies insurance PF) between the financial market of the future, in order, plain and simple, to accumulate wealth without caring that are contributing to the price trigger, with a bubble affecting millions of people, "Fernandez said.
The NG confrontation between Fernandez and Curtis was in the question and answer session of his lecture at the headquarters Flassbeck Funglode on "The effect of financial speculation in commodity prices or commodities.
Al finished its first participation in the debate on President Fernandez warned that "what is clear is that the Dominican Republic can not be indifferent can not sit back and have to play a leadership role in making the world to change, because here we are living, as prices rise, the Dominican people are angry, upset, is upset and believes the Government is responsible, and those responsible are those in the casino economy, worldwide "
www.elpayolero.com 
0 comments:
Post a Comment