Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-297-250"

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"en.20120523.15.3-297-250"2
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"I naturally voted for the creation of a financial transaction tax (FTT), following the report by Ms Podimata. I have long advocated this tax, even when it was politically incorrect, as during the 2009 electoral campaign. First, it is a means of combating financial speculation, in particular, in cases of high-frequency trading, and it represents enormous added value in these times of increasing financialisation of the global economy. Second, the FTT can and must function as one of the EU’s own financial resources, thereby strengthening the firepower of the EU budget and reducing national contributions. These are currently a burden on national budgets, which are under intense pressure from fiscal consolidation programmes. In short, this is an important contribution to strengthening the financial and budgetary integration of the EU."@en1

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