Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-277-000"
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"en.20120523.15.3-277-000"2
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"I welcome today’s vote. The high-risk and, sometimes, unconscious behaviour of the financial sector has been very detrimental to the global economy. Due to the bailout of the banks, taxpayers have had to bear considerable costs in saving the financial sector. Today, while Member States are in the process of taking drastic measures to put their public finances in order, not only is it high time but also perfectly legitimate that the financial sector should assume its share of responsibility.
The introduction of a financial transaction tax (FTT) will ensure that the financial sector finally makes a fair contribution towards the cost of the current crisis. We have waited for this vote for a long time. I also hope that today’s vote will help to put pressure on the Economic and Financial Affairs (Ecofin) Council, which will take the final decision next month. I would like to take this opportunity to call on the 27 EU Finance Ministers to decide in favour of the introduction of an FTT. This will be a signal in favour of the introduction of a tax of this type at global level. And to think that the James Tobin proposal is almost 40 years old!"@en1
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