Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-168"

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"en.20100308.17.1-168"2
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"Mr President, Commissioner, a proposal that did not prosper two decades ago is once again the subject of discussion and debate due to the financial and economic crisis. No longer is the proposal being advocated just by academics and minority or opposition groups. Now, the G20, the International Monetary Fund and some leaders of the most developed countries in the world are suggesting the introduction of this tax. We must seize this opportunity because the time is right. As a Member of the Committee on Development, I support the view that if such a tax is introduced, part of the revenue generated should be devoted to financing development. If the revenue were used exclusively to finance deposit insurance or for purely economic purposes, the financial sector would not be making a fair contribution to global justice. Accordingly, part of this revenue should be devoted to development aid."@en1
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