Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-067-000"
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"en.20110307.17.1-067-000"2
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"Mr President, to achieve the objectives of the Europe 2020 strategy, massive investments are needed at European level in research, education and infrastructure. However, in the context of the austerity policies followed by European governments and growing deficits, these objectives can only be achieved through alternative financing methods. I refer both to joint bond issuance to enable Member States to cover some of their deficits, turning a portion of their debt into European debt and facilitating the obtaining of loans with low interest rates, and the tax on financial transactions.
The latter would impose a minimum charge on the financial sector, whose activities represent approximately 73% of global GDP, and will be used to discourage financial speculation, and to ensure market regulation and investment in European projects. It is necessary for the Union to send out a strong signal in finding a solution to the financial crisis, primarily by implementing these taxes."@en1
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