Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-324"
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"en.20100325.34.4-324"2
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"The report of the Committee on Development on the effects of the global financial and economic crisis on developing countries and on development cooperation rightly notes that in the last two years, there has not been just one crisis, but a whole series of related crises. Instead of resulting in a reduction in development aid for developing countries, this situation should cause an increase.
The common objective should be to allocate 0.56% of gross national income to development aid by 2010, and 0.7% by 2015. Apart from temporary aid, other measures are also needed which will change the architecture of world economic governance. This explains my support for the immediate fulfilment of obligations undertaken at the G20 summit in Pittsburgh on the matter of a shift in the IMF quota share to emerging and developing countries of at least 5%, and an increase of at least 3% in voting power in the World Bank for developing and transition countries.
These measures should be correlated with action to end tax havens. An important solution for the financial system, the introduction of which is worth considering, too, is what is known as the Tobin tax. Taking into account the fact that the Committee’s report contains all the above-mentioned proposals, I decided to vote in favour of its adoption."@en1
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