Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-101-000"

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"Mr President, Commissioner, Ms Podimata, congratulations on your brave and necessary report. We need to take courage and stop letting ourselves be ruled by fear of the financial system. The financial transaction tax is a political signal that has long been hoped for by the public, who are suffering from the crisis, in order to start down a path that will call a halt to the banks’ risk-taking behaviour. The financial sector was responsible for the crisis and we hope that this tax will help to limit speculation. This tax will help to increase the EU’s investment capacity and will create jobs. It will provide greater transparency and control, and will penalise speculative investment. There is a current example of the latter in my country: 100 000 people have been affected by banks’ speculation on a product called preferential shares, which have hit people who invested their money, the fruits of their labour, and cannot get it back."@en1
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