Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-24-Speech-3-096"
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"en.20101124.7.3-096"2
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"Mr President, Commissioner, ladies and gentlemen, to conclude this debate, I would like to begin, in general terms, by saying once again that, on the eve of the G20 meetings, we were really very clear on the fact that it was important for the Union to reach a satisfactory outcome on a large number of issues, and that we had to work to ensure that the G20 remained, first and foremost, a credible and legitimate forum, capable of producing concrete results, as I was saying just now, and of giving a coordinated political impetus to globalisation, so that the Union, in particular, can make its voice heard in this context. I think, without glossing over the difficulties – and many of you have referred to those difficulties – that the Union has fulfilled its obligations and that the work of the European institutions and of the countries of the Union, which participate in these G20 discussions, can be judged to have been satisfactory.
Seoul was the fifth summit in two years, and a large number of collective commitments were put on the table. Many of these have had positive results in terms of economic growth and world financial stability, even though this work is clearly far from complete.
Within the Union and following on from what the Commission has just told us about banking levies and the tax on financial transactions, the conclusions of the European Council of 29 October clearly state that work on these two issues should continue, both within the Union and on international issues. On the issue of levies, there is a growing consensus on the basis and the spirit of such levies. There is still no consensus on either the objective or the use of the revenue.
Meanwhile, Member States are in the process of setting up national systems which differ from each other significantly. Therefore, in the short term, we will have to introduce a minimum level of coordination and, in the medium term, move towards a resolution framework that harmonises to a much greater extent the crisis resolution arrangements, in particular on the basis of the Commission’s legislative proposals. On this basis, the October European Council concluded that the different systems of levies that exist at present should be coordinated to a greater extent, and the ECOFIN Council was invited to return to the December European Council with conclusions.
Finally, as regards the tax on financial transactions mentioned just now by the Commission, the European Council called on the Council, and consequently ECOFIN, to examine ways in which we could consider today the various options for preventing tax havens and tax evasion, and the ECOFIN Council tasked the Council’s high-level group on fiscal matters with looking into these difficult issues."@en1
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