Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-289-000"

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"en.20110308.22.2-289-000"2
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"For over 10 years, the European socialists have been fighting in the European Parliament for a tax on financial transactions. This tax would have many benefits: not only would it discourage financial speculation; it would also fund aid to developing countries and their adaptation to climate change, while contributing to the European Union’s budget. The world is now in a different situation: the recession has made the need to stabilise the financial markets yet more acute, and the European Union needs new resources to overcome this recession – it must overcome it by means of a recovery, not by means of austerity. At the same time, the groundswell in favour of the tax is getting bigger: more and more governments are supporting the idea, and the European Parliament has already voted repeatedly in favour of introducing a tax on financial transactions. This new vote in favour of the tax is an important step: Parliament is saying that we must act immediately at European level, even if there is no global agreement. Parliament’s request is clear, and the vote was an overwhelming one: we must now turn our words into deeds and implement the tax on financial transactions."@en1

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