Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-221-000"

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"en.20111024.20.1-221-000"2
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"Madam President, first of all, congratulations to our colleague, Mr Hökmark, for his good report and comments. I just want to say two things. One, the transaction tax, has been mentioned, particularly by President Barroso, as something desirable that we should implement within Europe and some say perhaps within the eurozone. I think it is obviously sensible in terms of logic. Firstly, because it is only right the financial sector should contribute, particularly when it has got EUR 4.6 trillion from taxpayers generally. But I think it has to apply globally because otherwise it could lead to distortion, particularly of foreign direct investment within various parts of the European Union. I think that is a very important point. The second point is that I agree completely with Mr Hökmark that the European Union needs to speak with one voice and it does deserve a seat at the WTO, and also that the IMF needs to be more transparent and its managing director should be elected."@en1
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