Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-078-750"

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"en.20110307.17.1-078-750"2
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"This discussion is fascinating on an ethical, political and even technical level. The problem is that it cannot be played out on a fragmented field: the solution must be shared and agreed at G20 level, because if it is not implemented by everyone, it will become a boomerang, which would force financial transactions to relocate. We are not here to defend speculators or those who played the financial markets as though they were at a casino, but, on the other hand, we cannot take face-saving measures partly influenced by demagoguery, which then, in practice, go on to do more harm than we are setting out to prevent. Let us not, therefore, reason on purely ideological grounds and instead look at the facts. We all agree on the need to halt financial speculation for its own sake and to establish the principle that the polluter pays, but to do this, it is necessary to adopt an approach based on sound data, numbers and statistical analysis. We need to find a solution that takes into account the need to stop a certain type of speculation, and prevent the EU from back-pedalling on the global market, which would create more problems at a time when we need to invest and try to overcome the crisis."@en1

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