Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-311-750"
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"en.20120523.15.3-311-750"2
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"It is clear to me that the financial sector, which generates huge profits each year, must help stimulate the economy. The introduction of a financial transaction tax is all the more justifiable since the 2007 crisis started in this sector. That is why I voted in favour of this resolution. I also think that applying the tax to the derivatives market is a good option, given the value of this market, which is several thousand billion euro, and its role in precipitating the Greek crisis. To be effective and exemplary, this measure must initially be applied at European level before we can convince our international partners. Our British friends must understand that such a tax could also benefit them without, however, destroying the competitiveness of the City of London. It should be noted that this tax, which is painless for the financial sector, will generate EUR 57 billion, help to consolidate our national budgets and create specific resources, which could serve the real economy. In short, this is a common sense measure, which is consistent with what the financial markets advocate as a way out of the crisis."@en1
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