Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-219-250"
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"en.20121023.13.2-219-250"2
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"The EU’s budget must be used on what can offer European added value. This is one of the linchpins of work on the budget and it is also what must govern the allocation of the common resources that the Union has at its disposal. There is no problem in that regard. The interim report adopted in plenary on 23 October places great emphasis on new own resources for the EU. This means the Financial Transaction Tax, which I firmly maintain is detrimental to Sweden and to Europe. Too often, ‘own resources’ means a tax that must be paid directly into the EU budget. More money for the EU in the form of own resources does not automatically constitute an investment that will help Europe with its stresses and strains. Instead, priorities need to be set using the resources available now. It is important to note that a Tobin tax was tried in Sweden and proved to be harmful. Transactions were moved away from Sweden. In addition, it is obviously important for me to emphasise that the cost of the FTT would hit the average consumer and that economic growth would be impeded. Since so much focus is being placed on own resources and requirements for a Financial Transaction Tax, I chose to vote against the report."@en1
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