Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-01-18-Speech-3-170-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20170118.19.3-170-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, the United Kingdom has a famous historical figure called Robin Hood and it is therefore no surprise – or there should not be any surprise – that this proposed financial instrument mechanism is often referred to in the British press as the Robin Hood tax since it also purports to rob the rich in aid of the poor.
Well, let us just for a minute remind ourselves of what the expert opinion is indicating will be a direct consequence, and series of direct consequences, if this is enacted. Asset values will be reduced, cost of capital will increase, liquidity in markets will, in all likelihood, drop and pension fund administration costs will increase. You could not put together a better jigsaw of market volatility, if you tried. Now, does the European Union really want to inflict this degree and this type of damage on an important sector that has places and locations and centres of financial expertise right across the Member States?
I would hope it does not want to do that. We have heard even this evening, with the opening statement, that further work is required. Well I suggest two bits of further work: either bin it, or park it, and come back with something that can be worked through and delivered and is not detrimental to the financial sector of Europe."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples