Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-293-750"

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"I agreed with this report, because one of the main advantages of innovative financing tools is that they can bring a double dividend, as they can contribute to the achievement of important policy goals, such as financial market stability and transparency, and offer significant revenue potential, but the effects of these tools on the negative externalities produced by the financial sector should also be taken into account. I agree with the provision and the call for innovative financing measures to raise more from this sector and contribute to shifting the burden of taxation away from working people. This would have the potential to improve market efficiency, increase transparency and reduce speculation, even out excessive price volatility, create incentives for the financial sector to make long-term investments with added value for the real economy, as well as help to finance global public goods and reduce public deficits. I support the idea of issuing common European project bonds to finance Europe’s significant infrastructure needs and structural projects within the framework of the Europe 2020 agenda and anticipated new EU strategies, such as the new strategy on energy infrastructure development, and other large-scale projects. EU project bonds would thus secure the investment required, would attract the support they need, and would become an important mechanism for maximum leverage of public support. These projects must also contribute to the ecological transformation of our economies, paving the way for the zero carbon economy."@en1

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