Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-057-000"

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"en.20110307.17.1-057-000"2
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"Mr President, at nearly 10 percentage points, the European Union already has a higher tax burden than the United States, Japan and other global economic powers, and that means that European companies are at a competitive disadvantage vis-à-vis US companies and other companies acting globally. Surely, there is great enthusiasm to introduce a new tax on financial transactions. However, as we all know, the financial sector has an incredible ability to pass any costs on to citizens and companies. I therefore think that we can only talk about a tax on financial transactions in the European Union if we have a global agreement in this matter. Secondly, I wish to express my full support for the introduction of Eurobonds to finance European infrastructure projects as a means to attract resources and also attract private sector resources to fund these projects."@en1
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