Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-182-000"

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"en.20110308.22.2-182-000"2
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"Mr President, ladies and gentlemen, the current economic crisis has revealed serious shortcomings in the framework for monitoring the financial sector and the need to respond with new instruments and new fiscal policies. The financial system has started to generate profits from speculative transactions and it is absurd that this sector is not subject to any taxation. We need a cure, a financial transaction tax, which is why I voted in favour. For other policies such as energy or the environment, Europe has managed to be the world leader, becoming an example and a stimulus for other countries outside the European Union. I believe we should do the same for the financial system. I hope that the Commission will respond soon, presenting a legislative proposal that can meet the expectations of citizens, on whom the burden of the crisis has fallen."@en1
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