Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-283-500"
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"en.20110308.22.2-283-500"2
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"I voted for this report because I agree with the need for the European Union to seek new innovative financing instruments. Such instruments would, in fact, allow the EU to address the current challenges, because they would play both a regulatory role and a role for the production of revenue.
It has often been pointed out in this House that the economic crisis has highlighted the lack of regulation and supervision of the global financial system. We also know that the taxpayers are currently the first to bear the cost of the crisis, not only through direct taxation, but also in terms of rising unemployment, dwindling incomes, reduced access to social services and increasing inequalities. New instruments are needed if we are to come up with holistic and integrated responses to the crisis.
I agree, therefore, to the introduction of the long-discussed Eurobonds, which can lead to joint management of debt by aggregating part of the sovereign debt. The rapporteur also proposes other funding instruments designed to curb speculation: for example, coherent and effective taxation of the energy sector and the drawing up of proposals for a tax on development that will lead to increased resources for the achievement of the Millennium Development Goals."@en1
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