Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-180-000"
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"en.20120523.15.3-180-000"2
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"Mr President, I voted in favour of this motion; in other words, for a transaction tax. I would like to start with a correction: we are talking here about trading in derivatives and shares. That means we are not talking about the normal bank charges that citizens have to pay. We should keep it in mind that we are talking here about a tax rate of 0.01% for derivatives and 0.1% for shares. The real economy can only dream of such tax rates. Perhaps we should swap sometime and say that the stock exchange can have the taxes on the real economy and we will have the taxes on derivatives and shares for the real economy.
Secondly, I would like to stress once again that there is also a political dimension to this. The global financial crisis was not triggered by the real economy; rather, it is a result of stock market speculation, and it is an essential aspect and an act of justice for the stock market to finally share in dealing with this crisis. For me, then, the tax is more or less an act of major global justice."@en1
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