Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-075-000"

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	"de"^^xsd:language2
lpv:document identification number	"en.20110307.17.1-075-000"2
lpv:hasSubsequent	lp_eu:2011-03-07-Speech-1-076-0002
lpv:speaker	lp:Thomas Mann2
lpv:spokenAs	vice-chair; Delegation for relations with the countries of South Asia (2009-09-30--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 vice-chair; EMPL (2009-07-16--2012-01-18)3 unknown; Christlich Demokratische Union Deutschlands (2009-07-14--2014-06-30)3 substitute; Special Committee on the Financial, Economic and Social Crisis (2010-03-08--2011-07-31)3 substitute; Delegation for relations with India (2009-09-16--2014-06-30)3 substitute; ECON (2009-07-16--2012-01-18)3
lpv:translated text	"Mr President, if we want to stabilise the financial markets, then a financial transaction tax is unavoidable. We need it so that we can put a stop once and for all to highly speculative excesses. The instability of the financial markets is due to short-term investment strategies and gambling on rates using a high proportion of debt capital. We need to make this kind of speculation unattractive and bring long-term investment strategies to the fore once and for all. The tax will result in important revenues that we cannot do without in view of the costly EU safety nets. However, the tax rates also need to be set intelligently. The tax rate on lower risk securities must be lower than that on higher risk securities. The financial and banking systems may be organised differently around the world, but we need this financial transaction tax to gain global acceptance. It will make a substantial contribution to reducing the turbulence on the financial markets and will finally place financial transactions on a firmer footing."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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