Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-305-000"

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"en.20110308.22.2-305-000"2
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"I voted in favour of the European Parliament’s own-initiative report on innovative financing at a global and European level. The financial crisis and the debt crisis have revealed the gaps in the operation and control of the financial sector today. The introduction of a tax on global financial transactions is not a new proposal and it is certainly an unpopular proposal in all the developed countries without exception, especially in those which apply low taxation policies. Nonetheless, if global agreement proves impossible, the introduction of a financial transaction tax in the EU, if it does not damage its competitiveness, will help to improve how this particular sector operates and, at the same time, will generate important public revenue. This is the thrust of Amendment 2, which I voted in favour of."@en1

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