Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-054-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:Innovative financing at a global and European level (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20110307.17.1-054-000"2
lpv:hasSubsequent	lp_eu:2011-03-07-Speech-1-055-0002
lpv:speaker	lp:Liem Hoang Ngoc2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 member; ECON (2009-07-16--2012-01-18)3 unknown; Parti socialiste (2009-07-14--2014-06-30)3 substitute; IMCO (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the People's Republic of China (2009-09-16--2012-02-13)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2009-09-16--2014-06-30)3
lpv:translated text	"Mr President, ladies and gentlemen, the report we are debating today offers genuine advances. I am thinking, in particular, of Eurobonds, which the Union will need in order to finance the Europe 2020 strategy. Unfortunately, the right rejected in the Committee on Economic and Monetary Affairs the principle of a tax on financial transactions at European level, despite having voted in favour of it in June. Its arguments for rejecting a European tax on financial transactions as a prelude to a global tax are the same as those put forward by the supporters of tax havens. It tells us that implementing a tax at European level alone would be disastrous for our financial sector. It also says that there would be a flight of capital from Europe. My answer to that is: so what if there is? The current volume of financial transactions is excessive compared to the needs of the real economy. Implementing this tax solely in Europe would help deflate the bubble. Furthermore, if the volume of speculative capital transactions, such as the credit derivatives at the origin of the crisis, were somewhat reduced, it would really help to consolidate the balance sheets of our banks. They would have a much greater incentive to finance the real economy. I would point out to those who are using the absence of an impact assessment for cover that no impact assessment was performed before the green light was given for a proliferation of derivatives. It is time, ladies and gentlemen, for all MEPs to face up to their responsibilities. The European Union must not continue to tag along behind a G20 dominated by the United States and China. It must lead the way in reforming our financial system. That is why I cannot support a text which chooses to overlook a tax on financial transactions."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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