Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-06-12-Speech-2-257"
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"en.20010612.12.2-257"2
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"I am disappointed with the answer given by the Council, because Mrs Hjelm-Wallen, the Swedish Deputy Prime Minister, said publicly in Stockholm on 23 March 2001 that she was in favour of a Tobin tax, in spite of the usual objections. I believe that the reasons given by Mrs Boudjenah are very well-founded. How can we refuse to look into a tax which could be very low and which would thus not affect goods trade and investments, since it would represent 0.1%, but which, on the other hand, would enable resources of an estimated USD 50 to 250 billion to be generated, which would considerably assist developing countries to deal with their problems.
You are aware that at the Conference on LDCs which was held recently at the European Parliament in Brussels, it was shown that 43% of people in these countries do not have access to drinking water, 50% of the population is illiterate, one child in six will not live beyond five years old, and that since 1990, the debt of the LDCs has risen from USD 121 billion to USD 150 billion, despite the Cologne initiative. I believe, therefore, that the Council should investigate the possibility of introducing this tax, particularly in preparation for the United Nations’ Conference on development funding which will be held in Mexico in March 2002."@en1
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