Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-07-Speech-1-061-000"

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"en.20110307.17.1-061-000"2
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"Mr President, my first words will be to commend the work of our rapporteur, Mrs Podimata, as well as the tremendous amount of work carried out by Mrs Hübner on behalf of our political group. We are all familiar with the data relating to the tax on financial transactions. The first item of data is that transactions and speculation add up to between 80 and 100 times the value of the real economy. The second is that we have Millennium Development Goals – poverty, water, forests, infrastructure, education and health – which have yet to be financed and which require USD 300 billion by 2015. We are therefore in favour of this tax, but when it is put to the vote tomorrow, an overwhelming vote is needed. Prevaricating would be the most dangerous thing that Parliament could do. An overwhelming vote is needed, and the tax must be a Community one and not an intergovernmental one. With regard to Eurobonds, there are three categories. The first category is liable to be used to finance sovereign debt, which is a mistake since we will never obtain a political majority to finance the sovereign debt of Member States throughout the European Union. The second category could finance the crisis management mechanism, which has become permanent. We do indeed require Eurobonds for that. Here, I would raise the issue of the political, and therefore parliamentary, control of these Eurobonds. Thirdly and finally, yes, we need these Eurobonds for investment. A continent which does not invest is a continent which will decline. Across the globe, continents are investing. Therefore, we need these Eurobonds, these project bonds."@en1
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