Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-070-000"

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"Mr President, my group and I firmly support the introduction of a tax on financial transactions for two reasons. Firstly, because it is necessary and useful. A levy rate of 0.05% would provide revenues in excess of EUR 200 billion. At a time when supposedly magical cost-cutting policies paradoxically require more income, I think it is more than necessary to institute the tax. It is essential. Secondly, because it would enable us to tackle and restrain speculative activity, which constitutes the great challenge currently facing world – and European – politics. There is one further reason why I support this tax: because thousands and thousands of citizens, represented by a great many organisations, demand it. As political representatives, it is our duty not just to listen but to respond responsibly and consistently, and I believe this Chamber needs to be clear and convincing on this matter tomorrow."@en1
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