Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-284-500"

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"en.20120523.15.3-284-500"2
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"We have now heard a great many weighty arguments in favour of the introduction of a financial transaction tax, and more or less no substantial argument against it. The overwhelming majority of our people are also in favour of it. Parliament votes in favour, but nothing happens. I find that incomprehensible and unacceptable. We rescue the banks – with hundreds of billions of euro – and we use our citizens’ money to do so. Yet we cannot manage to get the banks and speculators to contribute even a small part of these costs via a financial transaction tax. If we do not succeed in this, then there is something wrong with our democracy. It gives the impression that big banks and players in the financial markets have greater influence over policies and our legislation than do our citizens. If this is the impression given, then we need to fundamentally rethink our system of democracy and change our democratic institutions and procedures. Democracy means government of the people, by the people, for the people. The task of democratic politics ought therefore to be to establish promptly and confidently a legal framework for banking and financial transactions so that they once again serve the people and the real economy, rather than destroying society, markets, the real economy and social cohesion in Europe at a dramatic rate and with increasingly visible fatal consequences."@en1

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