Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-149-500"
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"en.20110706.5.3-149-500"2
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"Many of our citizens are disappointed and exasperated by EU policy. It is with some justification that they feel that they are the only ones who are required to suffer the consequences of the crisis. The high-finance sector, which has been rescued using taxpayers’ money, is once again making huge profits. Even though it was largely responsible for the crisis, it is not being required to pick up the costs. In order to prevent future crises, those who profit from speculation must be required to pay a solidarity contribution. The EU should play a pioneering role in the introduction of a transaction tax, even though no agreement was reached at the last G20 summit in Toronto. However, fiscal sovereignty must remain with the Member States. Brussels should not be allowed to exploit this situation in order to acquire taxation powers, paving the way for a centralised federal state. What we need is a coordinated approach to the issue of a financial transaction tax between the Member States."@en1
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