Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-08-Speech-4-138"
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"en.20091008.13.4-138"2
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"While we agree with the main guidelines of the European Parliament resolution on the G20 Summit in Pittsburgh – and having endorsed it for that reason – the Luxembourg delegation of the Group of the European People’s Party (Christian Democrats) wishes to express some reservations about elements of this resolution that are unsatisfactory.
Firstly, the Pittsburgh conclusions mention the need to make the beneficiaries of rescue measures contribute to the cost of those measures. This is not the same as devising a tax on financial transactions, as the Parliament resolution is suggesting. Secondly, we recommend a financial supervision system that will combine, in the future, the national supervision authorities and the three European bodies, the creation of which is under way as part of the European legislative procedure.
Lastly, it is important to prevent the widespread use of the term ‘tax havens’, taken from the G20. Jurisdictions that are by no means tax havens have been included arbitrarily in a ‘grey’ list, while real tax havens continue to escape all forms of pressure exerted by the G20 and the OECD. Calling countries with moderate taxation tax havens will not help us to reach the end of a crisis whose origins lie elsewhere."@en1
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