Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-281-250"
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"en.20110308.22.2-281-250"2
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"I fully approve this report as it aims to initiate a new form of taxation of the financial sector, an urgent measure in itself, and also as an addition to recently approved regulatory and supervisory instruments. In this respect, I would stress that ‘the introduction of a tax on financial transactions ought to be as broadly based as possible’, as the document suggests, in a way that includes all types of transactions. Among other benefits, a financial transaction tax makes the market fairer and more transparent, reduces speculation and levels of fiscal fraud, and distributes the burden of the crisis among the financial operators. The additional resources resulting from this measure should help with combating poverty, encouraging job creation, funding the welfare state, achieving climate and environmental targets and financing other elements arising from the Europe 2020 strategy. I support the need, in turn, for the Commission to study a future system of Eurobonds and the projected issuing of common European project bonds as measures for stimulating investment. I also support the ‘polluter pays’ principle. Finally, we cannot overlook support for development, as it is important to maintain the commitment to set aside 0.7% of the gross national income of each Member State for developing countries."@en1
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