Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-063-000"

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"en.20111116.5.3-063-000"2
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"Mr President, the December summit of the European Council will deal in particular with the mechanism for ensuring the financial stability of the euro area and the requisite changes to the Treaty of Lisbon. However, I fear that measures of this kind will not be sufficient on their own, even if they are clearly necessary. Much more will have to be done. There are more effective alternatives which our citizens quite rightly expect from us. I would like to say on behalf of the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament that ever since the outbreak of the crisis in 2008, we have been proposing economically effective and socially just measures, including a financial transaction tax, or the regulation of international financial markets, resolving the problem of tax havens, and ending speculation about the sovereignty of individual Member States. Last but not least, it is important that the much-needed recapitalisation of banks is accompanied by measures to protect the public interest, transparency and allocation of responsibility."@en1
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