Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-25-Speech-3-187"

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"en.20091125.17.3-187"2
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"As I have said before, it is vital that a legally binding, global, political agreement on climate change is adopted so as not to put European industry in an anticompetitive situation. The European effort must be aimed at seeking an agreement that requires a joint effort, and not just an effort by the EU. In my view, the idea of a tax on international financial transactions as a solution to fund adaptation to climate change and mitigation of its effects by developing countries is not appropriate, given that it will be at the expense of the economy (particularly in crisis situations such as the one we are currently experiencing), trade and wealth creation. The cost that such a tax would have for society in general (increasing the tax burden, with consequences for all taxpayers and consumers) and its impact on the financial market (decreasing the necessary liquidity and flow of credit to businesses and households) cannot be ignored. I believe that this is not the way to regulate the market and that other alternatives that are less damaging to the global economy can be devised."@en1

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