Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-294-000"

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"en.20110308.22.2-294-000"2
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". A new financial transaction tax will not solve European Union Member States’ budgetary problems. That is why I did not support the report on innovative financing at the global and European level. Contrary to what some people believe, it will not be banks that pay such a tax, but their customers, the same old taxpayers therefore. At a time of economic recovery, we should not be introducing new taxes; instead, we must reduce government expenditure. A new tax would only serve to conceal governments’ inability to reduce expenditure, and not have the desired effect."@en1

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