Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-24-Speech-3-992"
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"en.20100324.21.3-992"2
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"The global financial and economic crisis has hit the developed world so deeply that we are now struggling with a social and unemployment crisis. But in the least developed countries, such problems, for which they are not responsible, are compounded by the consequences of food and climate crises, with dramatic implications for a sixth of the world's population who suffer from hunger. As the largest combined aid donors, the EU Member States must fulfil their Official Development Assistance (ODA) commitments, improve aid effectiveness and coordination and strengthen their efforts to achieve the Millennium Development Goals by 2015. The extent of the damage caused by speculation in the financial sector highlights the importance of preventive measures such as taxation of financial transactions and warrants considering compensation from the sector for the costs of the crisis. As tax havens and off-shores deprive developing countries of multiples of the amounts raised through ODA, inaction in this field is unacceptable."@en1
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