Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-051-000"

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"en.20120523.3.3-051-000"2
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"Mr President, introducing the tax we are discussing today will have a positive impact in many areas: it will help us to regulate, combat speculation, bring about greater social justice, steer resources into different areas and allow us to show greater solidarity with various parts of the world and regions of the EU. As regards regulation, the origin of this crisis lies in the deregulation of the financial market, and introducing this tax will provide us with an instrument to better regulate it and prevent future crises in this area. As far as speculation is concerned, it will stop the dramatic fluctuations that take place daily in financial transactions and steer resources towards the real economy. With regard to justice, it will mean that those who were most responsible for the crisis will play a greater part in resolving it. From a taxation standpoint, several billion euro can be channelled into a number of areas, including EU resources, Member States and implementing projects that will boost growth and employment. Finally, as regards solidarity, it will enable the kind of Europe we want to show greater solidarity with those parts of the world that are hardest hit by the economic crisis in structural terms."@en1
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