Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-01-19-Speech-3-228"
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"en.20000119.8.3-228"2
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"Madam President, Commissioner, a compromise resolution on the usefulness of a tax on international financial flows would constitute a first step towards the essential amendment of many international rules. I have two or three points to make in this respect.
One of the main demands of the demonstrators in Seattle was, rightly, the establishment of this type of tax, and this is not by chance. The proposal of this tax today sends out a strong signal from the rich European countries proving that they want to move away from the culture of egoism. Everyone feels that this kind of joint tax is a virtuous measure which does not prevent trade but is aimed primarily at speculation and its perverse effects. The Members on the right should note this.
It symbolises the need for solidarity with the countries of the south, particularly those in Africa, the Caribbean and the Pacific which questioned us extensively on this subject in Seattle. In order to fully achieve its objective, the money supply released by such a tax must be redistributed among the poorest countries. This is how we can give sense
morality to the commercial rules
show solidarity with the people of the south."@en1
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