Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-274-000"

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"en.20120523.15.3-274-000"2
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"The financial sector was a major cause of the crisis and yet it has received more than EUR 4 trillion in public support in recent years, in Ireland and around Europe. To ensure that the sector starts to make a fair contribution to public finances, we should now support a low-rate financial transaction tax. As you know, we will vote on the proposal today. In Ireland, the financial sector provides thousands of good jobs and much-needed tax revenue. It is absolutely correct that we should work for a strong and sustainable Irish financial sector. However, there is no independent evidence to back claims of possible negative effects of the proposed FTT in Ireland. In fact, the Commission claims it could save Ireland more than EUR 500 million by 2020. In response to the frequently cited concerns, please see that the new principles incorporated into the report mean the risk to activity based in Ireland is very low, whether the UK takes part or not."@en1
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