Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-287-500"

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"en.20110308.22.2-287-500"2
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"The current economic crisis has highlighted shortcomings in the supervision of the financial sector. We therefore need new tools and new fiscal policies. Indeed, the financial system has generated substantial profits from speculative transactions, and it does not have to pay any tax. By voting in favour of a tax on financial transactions, the revenue of which could be usefully channelled into development aid, the European Parliament has indicated that it wants to stop this injustice. This tax should, of course, be applied internationally, but if this does not happen, we would ask the EU to shoulder its responsibilities by implementing it in Europe. In this way, Europe would set an example, both in terms of innovative financing and in terms of showing solidarity with developing countries. It is now up to the European Commission to submit to us a legislative proposal that meets the expectations expressed by a very large majority in this Parliament."@en1

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