Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-093"

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"Mr President, one of the most eye-catching features in these recommendations is the tax on financial transactions. Such a measure will enable us to kill several birds with one stone: it is an effective instrument against speculation and the revenue will enable us to address government deficits and the funding for pressing social projects (the environment, development aid, infrastructure projects, etc.). Parliament has now made it clear that we in Europe must persist with this action, even though the rest of the world may, for the time being, be holding back because they have got cold feet. The next step is the European Commission carrying out a feasibility study. What we have decided on today is a specific intervention and an answer to the financial crisis. It also sends out a clear signal to European citizens that we have learned from all the things that have gone wrong over the past few years and that we are tackling the crisis in order to make Europe stronger, in the interests of European citizens, in particular."@en1

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