Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-037-000"

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"en.20110307.17.1-037-000"2
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"Mr President, Commissioner, ladies and gentlemen, this debate is actually about innovative financing, but we have already heard something about that. Innovation does not simply mean inventing new taxes or re-labelling what has always been there, such as national debt. I would like to concentrate very briefly on what this debate is really about. It is not about the introduction of Eurobonds – and the CDU/CSU parties will certainly speak out against that – but rather it is about learning the lessons of the crisis in the financial markets, and that means quite simply that speculation must be taxed too. It also means – and I will state this quite clearly – that if this cannot be done worldwide at the G20, then we must do it at European Union level. There is no alternative; that is why I am not simply looking for applause now, Mr Bullmann, but for a clear, strong vote by the European Parliament tomorrow. In this, Commissioner, the Commission must act as our ally against the Member States – particularly against the Member State that we have just heard speaking so loudly about what the City of London thinks. I will simply say to you, Mr Farage: look at the unemployment figures and look at the economic decline of your country, which has concentrated on financial market products. If you still built cars – as we do in Bavaria and in Germany – then you would be doing somewhat better now. That is why the financial transaction tax must be called for and introduced now as a matter of urgency. It is our duty as Europeans."@en1
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