Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-08-Speech-4-168"

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"Providing aid to developing countries is one duty that the European Union must not abandon. The current economic and financial crisis has given a new dimension to globalisation. The idea of a tax on financial transactions was beneficial: President Sarkozy has made it one of his priorities. Europe, it seems, has set the pace and the world has followed. The new, sound workings of international finance will have to be based on fairness. Thus, I regret that the Striffler-Ponga amendment has been rejected, as it proposed a tax on financial transactions to be added to official development assistance, so that the least developed countries could benefit from it. It is true that our economies and our financial systems would have had a greater tax burden, but the European Union would thus have been the initiator of a great international solidarity movement. We can still hope that the resolution adopted here will encourage the Union to honour its commitments and to help developing countries keep pace with globalisation."@en1

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