Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-07-03-Speech-3-325-000"

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"en.20130703.36.3-325-000"2
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"Mr President, Ireland received a bailout because of the reckless behaviour of some financial institutions. We are aware of the situation revealed by the tapes from the Anglo Irish Bank, which truly horrified people across Ireland and across Europe. The financial sector has received EUR 1.6 trillion in public support between 2008 and 2011. An FTT would make sure that financial institutions make their contribution to society. There are concerns, of course, in particular what has been highlighted: relocation to non-participating Member States. But I believe that the Podimata report has actually tried to address these concerns. It is important that we actually look at the evidence and not just yield to lobbying by people from the financial services and the financial sector. I hope that the Podimata report is the first step in an EU-wide financial transaction tax and ultimately will lead to a global financial transaction tax."@en1
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