Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-280-000"
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"en.20120523.15.3-280-000"2
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"The principal virtue of this report and of the proposal for a directive is that it sends out a political signal to the financial sector, which is taxed so lightly compared with genuine productive activities and which is so unsatisfactory when it comes to doing its real job: financing the economy. Many speakers said this morning that businesses would find it more difficult to access the necessary financing.
Can this possibly be worse than today, I ask them?! Similarly, I am sceptical as to whether this signal will be heard, given the tenor of this morning’s debates and the status of the issue in the Council. However, devolving all or part of this tax, were it to see the light of day, to the EU budget is totally unacceptable, as is giving the Commission the opportunity to adopt delegated acts in this area. The possibility that this tax, however structured, will not apply to the European Union as a whole, in particular to the United Kingdom, is absurd. Above all, no one raised the main problem: the free and unfettered movement of capital at EU and global level, the source of financialisation, speculation and ‘short-termism’, which undermine the global economy. Therefore, as I am in agreement with the principle but doubtful about the methods, I abstained."@en1
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