Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-020-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-05-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Common system for taxing financial transactions (debate)2
dcterms:Language	"cs"^^xsd:language2
lpv:document identification number	"en.20120523.3.3-020-000"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-021-0002
lpv:speaker	lp:Ivo Strejček2
lpv:spokenAs	member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 member; PECH (2009-07-14--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 unknown; Občanská demokratická strana (2009-07-14--2014-06-30)3 substitute; IMCO (2012-01-25--2014-06-30)3
lpv:translated text	"Mr President, the position of the European Conservatives and Reformists Group in today’s vote on a financial transaction tax remains unchanged, and we fundamentally reject this concept. There are many fundamental reasons why we reject this matter, and I would now like to set out some of these. First, European statesmen have long talked about boosting European competitiveness and kick-starting growth. Economic history provides no examples to show that tax increases of any kind may lead to the kick-starting of growth and greater competitiveness. My second point has been mentioned by some of you, and it was explicitly raised by Mr Engel of the Committee on the Internal Market and Consumer Protection, and the time is now right to make a reply, in my opinion. The financial transaction tax (FTT) is seen as part of the long-term attempt to find new sources of funding at European level. For us, this is fundamentally unacceptable because we believe that the European budget is overweight and needs a drastic diet. We need to cut budget expenditure, not look for new sources. Thirdly, economists have now correctly concluded that the banks need more capital and liquidity. How can it then be logical to take money out of the sector? If the FTT is introduced, we can expect to lose a significant part of the financial sector to places where there is no FTT. Fourthly, imposing the FTT on transactions involving shares and derivatives will not help improve the stability of the financial sector, as the great majority of you believe. On the contrary, it will lead to greater volatility. The new tax will oblige traders to focus on other, less standard and as yet untaxed financial transactions. Fifthly, if the FTT is approved, it will lead to slower growth in the European area and a lack of capital on the markets, which will restrict the investment that industry and the economy so badly need."@en1
lpv:unclassifiedMetadata	"(The speaker agreed to take two blue-card questions under Rule 149(8))"1
lpv:videoURI	<go to Events_and_structure europarl>2

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