Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-162"

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"en.20100308.17.1-162"2
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"Mr President, Commissioner, the debate on the imposition of a tax on international financial transactions may not be new, but it is extremely topical today, because the basic lesson from the crisis in the global economy, especially for the euro area, which has been subject to systematic attacks by speculators recently, is that the previous unaccountability of the financial markets and the lack of fundamental financial regulation and governance is having immediate and visible repercussions on the real economy, on the viability of public economies, and on social stability. Within this framework, the imposition of a tax on international financial transactions is especially important, because it is one of the key points of the long-awaited restructuring of financial control mechanisms. The solution, of course, is not for us to introduce yet another European tax which will have dubious repercussions on the competitiveness of the European economy, but to formulate an ambitious European proposal to be put to the G20."@en1
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