Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-278-750"
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"en.20120523.15.3-278-750"2
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"As we all know, the global financial crisis, which started in 2008, has had terrible consequences and repercussions, affecting the real economy almost immediately. The discrepancy between consumer demand and supply has had devastating effects on employment too, thus giving rise to serious problems on the labour market. Europe needs greater convergence, solidarity and responsibility to combat the crisis. Among the various measures to be taken is the reinforcement of the single market’s stability through the introduction of innovative strategies, designed to achieve growth that is not just economic, but also social. I think that fiscal consolidation through the introduction of a common system of taxation for financial transactions could have positive effects on the single market, and for that reason, I voted for Ms Podimata’s report. There could be several positive effects. However, I would argue that precisely because of the now highly globalised nature of the financial sector and its services, a further shift should be made, by promoting the introduction of a worldwide financial transaction tax: firstly, the full 27 Member States and then the G20 should demonstrate cohesion in seeking this objective."@en1
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