Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-161-000"

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"Mr President, ladies and gentlemen, we also voted in favour of the Goulard report, because it introduces mechanisms for preventing macroeconomic imbalances that ultimately consist of rules and guarantees, of those rules and guarantees that have been lacking until now and that have been said to be lacking so many times during this crisis. We have begun a new phase of budgetary responsibility, control, and also surveillance within the euro area, with mechanisms that are indeed semi-automatic – and this is one of the main criticisms that have been made – but also with penalties that will ultimately be imposed should any macroeconomic imbalances occur. This is a decisive step that, if I might make the analogy, will be supplemented by those subsequent steps that President Barroso has today, by a happy but important coincidence, sought to announce: the introduction of the Tobin tax – the financial transactions tax – will ensure that families are not the only ones who have to pay for these times of crisis and difficulty, and that producers of material goods are not always the only ones who have to pay for crisis prevention, but that financial market operators pay for it, too."@en1
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