Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-313-000"

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	"nl"^^xsd:language2
lpv:document identification number	"en.20110308.22.2-313-000"2
lpv:hasSubsequent	lp_eu:2011-03-08-Speech-2-314-0002
lpv:speaker	lp:Bart Staes2
lpv:spokenAs	member; G/EFA (2009-07-14--2014-06-30)3 vice-chair; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2009-09-29--2012-02-12)3 vice-chair; CONT (2009-07-20--2012-01-18)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 substitute; DEVE (2009-07-16--2012-01-18)3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Groen (2009-07-14--2014-06-30)3 substitute; ENVI (2009-07-16--2012-01-18)3 substitute; Delegation for relations with the countries of the Andean Community (2009-09-16--2012-02-05)3
lpv:translated text	"Today, I once again voted in favour of the introduction of a financial transaction tax (FTT) and agreed that, if we fail to impose an FTT at a global level, the EU should take the first step, anyway. We have to take advantage of this momentum and restrain the greed of the financial and banking sectors. After all, a global crisis requires global solutions and Europe, as the largest financial market, can play a pioneering role in this regard. A financial transaction tax could provide Member States with sufficient revenue to balance their budgets and keep their economies going. Because the revenue potential of an FTT of 0.05% amounts to nearly EUR 200 billion in the EU and USD 650 billion globally, this tax could also form an important part of the solution in the search for new and sustainable sources of income. An FTT could limit speculation and stabilise markets, create incentives for long-term investments and, because each transaction is traceable, it could increase transparency and ensure that financial players accept their share of the cost of the crisis. Moreover, the report calls for the possibilities of issuing Eurobonds and imposing a CO tax to be examined in greater detail."@en1
lpv:unclassifiedMetadata	"2"1

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