Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-143-000"
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"en.20120118.19.3-143-000"2
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"The planned fiscal agreement (treaty) decided on at the last Council meeting comprises a mixture of proposals which attempt to resolve a crisis triggered by the lack of some of the measures proposed prior to its occurrence. Unfortunately, the provisions on containing public deficits are not strong enough to resolve the current crisis which is evident through an increased lack of confidence in the bonds issued by EU Member States. I think that this stalemate can only by overcome by measures for stimulating economic growth, targeted primarily at SMEs (for instance, by partially subsidising the interest levied on bank loans). An excessive public deficit must obviously be avoided. However, any new deviation is unrealistic, which makes me think what good these constraints are now.
Otherwise, I believe that Member States must retain total control over their tax rate and that competition between them in this area cannot be damaging, just as competition between companies benefits consumers. On the subject of a financial transaction tax, the example of Hungary speaks for itself regarding the impact: a fall in capital exposure to this country and a reduction in lending activity, which is also expected to be the impact across the whole EU, albeit perhaps at a slower rate than in Hungary’s case."@en1
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