Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-01-20-Speech-4-083"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-01-20"^^xsd:date2
dcterms:Is Part Of	lp_eu:VOTE2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20000120.5.4-083"2
lpv:hasSubsequent	lp_eu:2000-01-20-Speech-4-0842
lpv:speaker	lp:Alexandros Alavanos2
lpv:spokenAs	substitute; Committee on Foreign Affairs, Human Rights, Common Security and Defence Policy (1999-07-21--2002-01-14)3 member; EUL/NGL (1999-07-20--2004-04-14)3 member; Committee on Culture, Youth, Education, the Media and Sport (1999-07-21--2002-01-14)3 unknown; Synaspismos tis Aristeras kai tis Proodou (1999-07-20--2004-04-14)3 member; Conference of Delegation Chairs (1999-07-22--2002-01-14)3 chair; Delegation to the EU-Bulgaria Joint Parliamentary Committee (1999-07-22--2002-01-14)3
lpv:translated text	"I welcome the fact that the subject of a tax on international movements of capital has, at last, been tabled before the European Parliament for discussion and decision. It was an initiative adopted by our Group, the Group of the European United Left, which was then supported by other Groups. One only has to think that transactions on the world stock markets total USD 1 800 billion a day and that the annual trade in goods and services is in the order of USD 6 000 billion, i.e. four days’ speculation on the stock exchange, in order to realise just how serious the problem is. President Delors was right when he likened the world economy to a casino and the fact that the parliaments of Finland and Canada and UNCTAD are in favour of a capital tax is a positive sign. The Commission needs to propose a Tobin type tax on short-term movements of speculative capital and the Portuguese and French Presidencies need to make this issue one of their priorities. A low but graduated tax of this type must be configured so that it does not cause negative repercussions on the real economy, i.e. trade and investment, and so that it allows resources to be safeguarded for education, the environment and development. This measure should be the first step towards regulatory and fiscal measures to deal with the phenomenon of massive international speculation. I decided to vote in favour of the joint motion for a resolution and I am sorry that the Christian Democrats and Liberals blocked it."@en1

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