Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-06-12-Speech-2-256"
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"en.20010612.12.2-256"2
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"Thank you for your answer. I was expecting you to give the same answer as the one you gave in writing.
I would, however, like to point out to you that support for a Tobin-type tax is increasing. This support is coming from organisations of economists, naturally, but also from political institutions, as a result of the fact that certain positions have been taken up in the Finnish and Canadian parliaments, and again in Argentina, quite recently, even in Great Britain, and here, in the European Parliament.
It is said that this type of tax could only be effective if it were chosen and implemented by several countries or areas of the world. This is often the argument used against it. It is certainly true but a first step in that direction is absolutely necessary in order to clamp down on financial speculation which is sweeping the planet, whereas new resources are urgently needed for investments to help people, particularly in developing countries.
We must be aware, and you know this, that USD 1 500 billion pass through the stock exchange every day and half of these transactions are made on the European stock markets. There is no doubt that if the European Union decided to take this step, the impact would be considerable. Do you not think, therefore, that the Commission could at least carry out a feasibility study?"@en1
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