Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-20-Speech-4-978"
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"en.20100520.16.4-978"2
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"Despite the fact that the global economic and financial crisis is spilling over onto the sustainability of national budgets to a worrying degree, the report under consideration by this House contains passages that prevent me from voting in favour.
First of all, paragraph 59 states that we can help end the crisis by raising employment levels and proposes the adoption of policies in favour of immigration from outside the EU, even leading to the award of citizenship. On the one hand, the text unduly confuses the economic issue with that of migration policy, while disregarding, in particular, the already high unemployment rate.
On the other hand, I do not think that Europe should promote the award of citizenship. Furthermore, some of the proposed amendments seek the creation of a tax on financial transactions and a European rating agency. We certainly cannot achieve better financial market regulation by introducing a new tax.
Lastly, with regard to the creation of a public rating agency, the amendment tabled does not hit the mark, since the best practical way to safeguard investors’ trust is by guaranteeing the impartiality and independence of rating agencies, and not by subjecting them to political influence."@en1
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