Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-281-625"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-03-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20110308.22.2-281-625"2
lpv:hasSubsequent	lp_eu:2011-03-08-Speech-2-281-7502
lpv:speaker	lp:Zigmantas Balčytis2
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 unknown; Lietuvos socialdemokratų partija (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 member; CONT (2009-07-16--2012-01-18)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; ITRE (2009-07-16--2012-01-18)3 substitute; TRAN (2009-07-16--2012-01-18)3 substitute; Special committee on the policy challenges and budgetary resources for a sustainable European Union after 2013 (2010-06-17--2011-06-30)3
lpv:translated text	"The global economic and financial crisis has exposed severe weaknesses in the regulatory and supervisory framework of the global financial system. Today, it is clear that we need new tools which can curb speculation and restore the financial sector’s main role, guaranteeing a fair and proportionate distribution of the burden amongst the key financial players. We must begin to discuss taxation of the financial sector, which hitherto, unlike other sectors, is largely untaxed. There is also a VAT exemption approach for all basic financial activities. I agree with the introduction of a tax on financial transactions which could help to tackle the highly damaging trading patterns in financial markets, improve the efficiency of the market itself, reduce price volatility and create incentives for the financial sector to make long-term investments with added value for the real economy."@en1

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