Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-27-Speech-4-074-000"
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"en.20111027.6.4-074-000"2
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"Mr President, Mr Rutte and other Heads of State or Government are calling this agreement historic. I say: what nonsense! Once again they have been taken hostage by the financial markets, once again they are going to help the banks, and once against the taxpayer will have to foot the bill.
How long will this madness go on? Multinationals make huge profits: BP recorded a net profit of EUR 3.5 billion in the third quarter. Will these profits be taxed more heavily, or will we make do with the mantra of cutting benefits and public services and increasing VAT? These are precisely the things that affect the weak and SMEs and that lead to a vicious circle of unemployment, a shrinking economy and yet more public deficits. This vicious circle must be broken. Tackle the speculators; we must never again fall into the trap of deregulation. Without deregulation, the banks’ reserves would long since have been healthy.
There is still much uncertainty ahead. Will the bonuses of managers and other bankers now be banned if banks receive aid? Why do we not just ban bonuses anyway? What has been decided on the separation of banks’ risky and other activities? Is this a historic agreement? No, it is just more of the same."@en1
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