Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-179-000"
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"en.20120523.15.3-179-000"2
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"Mr President, I supported this report on the financial transaction tax because I want there to be transparency and proper scrutiny of the markets, and because I believe it is a way to supervise and tax pure speculation, and a way to help resolve the crisis in public finances in terms of revenue.
We talk a great deal about expenditure, but I see that certain Member States have very little interest in tackling issues at European level, such as financial transactions and tax fraud, a matter that is particularly scandalous and was denounced by Mr Rehn yesterday. The resistance shown by Member States deprives us of billions of euro every year that could be used to stimulate the productive economy and the real economy.
Lastly, may I remind you that we are being consistent on this issue. In 2002, just before Spain took over the Presidency of the Council, the Basque parliament adopted a proposal made by my party requesting that the ‘Tobin tax’, as it was then called, should be promoted in the Presidency’s work programme. They took no notice whatsoever. Ten years after our proposal, I am pleased that we are moving in that direction, although there is still room for improvement."@en1
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