Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-176-000"
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"en.20120523.15.3-176-000"2
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"Mr President, I voted against this proposal today even though I am fundamentally in favour of such a tax. It is simply that I feel that without a simultaneous reduction in the Member States’ contributions in the event that the revenue remains with the EU as own resources, and without the simultaneous introduction of rules for the financial markets and strict supervision of the financial markets, there is little point in such a transaction tax. In the final event, it would only become a burden on our citizens. The citizens will have to pay it. It is not enough; it does not allow us to really regulate the financial markets and does nothing to avert a future crisis or to overcome the current crisis.
There would have been a point to it had we drawn the right conclusions, which would be to introduce strict rules for the financial markets, actually to accompany such rules with effective supervision and to implement them. Unfortunately, that is not the case. In my view, the Commission has only done half its job. That is why I voted against this proposal despite my political conviction that such a tax could be worthwhile."@en1
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