Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-283-000"

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	"ro"^^xsd:language2
lpv:document identification number	"en.20110308.22.2-283-000"2
lpv:hasSubsequent	lp_eu:2011-03-08-Speech-2-283-5002
lpv:speaker	lp:Sebastian Valentin Bodu2
lpv:spokenAs	member; Delegation for relations with Canada (2009-09-16--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 substitute; INTA (2009-07-16--2011-08-28)3 vice-chair; JURI (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the countries of South Asia (2009-09-16--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-03-24)3
lpv:translated text	"The adoption of this report in plenary indicates a path which the European Union seems to want to go down. Although the idea of introducing a tax on financial transactions seems to support the general public, even if the G20 leaders failed to agree on setting such a contribution at global level, I feel obliged to mention that this could have an adverse impact in the medium and long term. The impact of such a tax, imposed only on capital established in the EU, will certainly be to make this capital migrate to developed or emerging countries outside the EU. The other scenario, at least in an initial phase, will be that this tax will be passed on in the form of costs to the credit consumer or other financial services. Whatever the situation, the perverse effect of this is that the EU will move even closer to the dangerous situation where it will lose its competitiveness against other states such as the US, Japan or the BRIC countries. This will slow down economic growth and create problems, including for the real economy, which is dependent on the cheapest possible sources of financing."@en1

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