Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-031-000"

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"en.20110307.17.1-031-000"2
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"Mr President, I wish to thank Mrs Podimata for her constructive cooperation. We have managed to reach a compromise despite major differences of opinion. Now is the time that it is important for us to stand by the compromises that we adopted in the Committee on Economic and Monetary Affairs. I would like to address my comments to Mr Bullmann, in particular. The fact that the report emphasises the importance of creating a real internal market without barriers is a good thing. This, of course, provides the basis for Europe’s growth. It is important to discuss the possibility of financing infrastructure projects with the help of European project bonds, for example, as well as a possible solution for European carbon taxation so that we can switch to sustainable production in Europe. It is also important to point out that the Member States – those States in which you live, ladies and gentlemen – must meet the aid targets in order to be able to finance essential projects. Unfortunately, only Denmark, Luxembourg, the Netherlands and Sweden are currently meeting these targets. I also believe that the financial sector should be involved and should pay the costs incurred by States and taxpayers in rescuing banks in crisis. However, I do not believe that the introduction of a financial transaction tax is the solution. My country introduced a kind of financial transaction tax on a unilateral basis during the 1980s and this merely resulted in important parts of the financial sector relocating to London. I am aware that we should be cautious about making comparisons between Sweden and Europe, but the financial market is readily mobile and it is therefore important to learn lessons from Sweden’s example. There is therefore a big risk that the stabilisation of the financial market that we hope will be brought about by a financial transaction tax will not be realised if the EU introduces such a tax independently. In the opinion of the Group of the Alliance of Liberals and Democrats for Europe, a financial transaction tax must be global in nature in order for it to be able to have a positive effect. The ALDE Group rejects Amendments 1 and 2, but is favour of Mr Gauzès’s Amendment 3."@en1
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