Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-077-000"
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"en.20110307.17.1-077-000"2
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"Mr President, just a couple of words to summarise today’s very interesting debate, for which I thank all the speakers.
First issue: a global or a European tax? I think that this is the wrong question or rather, I fear that this is the question being asked by those who do not want the tax at either European or global level, because we all know that it is impossible to reach global agreement unless someone takes the first step. In order therefore, to be credible and effective in this effort towards global agreement, the Union, which has the biggest financial market in the world, needs to take the first step.
Second issue: impact study. All of you who have read the report on innovative financing know that the impact study relates to a great many points in the report and we certainly need an impact study; no one disputes that. However, Commissioner, I cannot agree with you when you have asked us, you have begged us even now in your introductory statement, not to do anything, not to take a position before the European Commission’s impact study has been published. I also worry that, with the stand you took a short while ago, it is as if you have already decided on your position, despite the fact that there is no impact study, despite the fact that we should not introduce a financial transaction tax at European level. Of course we need an impact study and we all know that this is the usual step before starting a legislative procedure. However, let us not hide behind impact studies and let us not betray our role and our remit, especially not at a time when we are fighting to defend the Community method, by which I mean the European Parliament’s role in decision making. The political decision as to whether or not we want a European tax lies with us and the Council, as German chancellor Angela Merkel reminded us last week. We must make sure that we do not get overtaken by events."@en1
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