Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-309"

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"en.20101019.20.2-309"2
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"Madam President, the economic crisis has forced us to economise, as is very clear from the Member States’ budgets. The European Parliament, on the other hand, is opting to increase the European Union budget for 2011. There is no justification for the fact that the rapporteurs at a high political level are still being accused of proposing excessively low amounts of money. In addition, Parliament has been expressing its wish for the European Union to be more independent in the collection of its own resources. The principle of Member States financing the European Union is thus under fire. The Group of the Progressive Alliance of Socialists and Democrats in the European Parliament is proposing a financial transaction tax (FTT), the proceeds of which would go to the EU budget. However, an EU tax would be undesirable. If a tax on banks were to be introduced, the proceeds would have to go towards paying off the high levels of public debt in Member States. After all, it is they who have had to spend large amounts of money on bailing out the banks."@en1
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