Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-430-000"

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"en.20121120.28.2-430-000"2
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". − We have reached the critical point where the sustainable development of the EU project can be accomplished only through the efficient use of simplified and transparent budgetary mechanisms which restore economic and financial balance and also citizens’ confidence. To this end, financing the European Union’s budget fully from its own resources is an absolute necessity, but it urgently needs to be regulated in detail, otherwise the objective of economic and monetary union cannot be achieved. To that end, as soon as possible, we need to focus our efforts in the following directions: 1. increasing existing traditional own resources; 2. introducing new own resources, such as the financial transaction tax and the common consolidated corporate tax base, and finding other innovative methods of generating a stimulus for the financial sector; 3. A considerable decrease in resources based on contributions from national budgets; and 4. eliminating mechanisms for deductions and corrections for certain Member States, which are completely unfair and incomprehensible to citizens."@en1

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