Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-01-19-Speech-3-232"

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"Madam President, Mr Bolkestein, the ignorance surrounding this debate is unbelievable. We needed a Greek Member to finally tell us what this Tobin tax means. You reject it flatly because you do not understand the first thing about it. That the Right opposes taxes is quite understandable, except that they should never have been allowed to spirit their millions, or rather billions, into Switzerland. We all know that! But now I call on you, in all consciousness, to help put a stop to speculative financial transactions and undermining long-term projects with long-term capital. It has never been done in south-east Asia, it has never been done in Europe, and I can understand why Mr Karas from Austria has left the chamber, given Austria’s financial record. They are all tarred with the same dirty brush! We need a Tobin tax to give us a fiscal instrument with which we can intervene. Madam President, I am totally appalled by the Commission’s, i.e. Mr Bolkestein’s, political ignorance! He should perhaps use his position on the Tobin tax to ask himself why he is here at all!"@en1

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