Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-092-000"
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"en.20120523.5.3-092-000"2
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"Mr President, today, before the vote on Ms Podimata’s report, is the time to speak plainly. A financial transaction tax is unavoidable. It is at the core of our exit strategy from the crisis. I emphasise that as the third Austrian in a row to speak in favour of the financial transaction tax. High-risk, poorly thought out financial speculation was one of the reasons why the huge financial, economic and now social crisis came about – if not its very cause. Banks are having to be rescued on a daily basis. The whole of Europe has been plunged into a deep crisis. Now, not sometime in the distant future, is the time to make the financial sector, which has lost touch with reality, shoulder its share of the responsibility.
We pay taxes on everything imaginable: on labour, on energy. It is, in fact, absurd that the financial transaction tax has not yet been introduced. I expect the financial transaction tax to result in greater stability in the financial markets, a reduction in short-term speculation and, above all, greater focus on the real economy and the financing thereof."@en1
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