Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-04-13-Speech-4-275"

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". This report comments favourably on the Commission’s proposal for an action plan on financial markets, the objective of which is to liberalise capital markets. It is also in line with the Lisbon Summit, which declared that this and other liberalisation programmes should be speeded up. But the truth is that this process increases financial instability and encourages concentration of capital markets and financial institutions, and for this reason we are opposed both to the position adopted by the Commission and to the rapporteur’s position. However, with a view to introducing specific measures to combat the volatility of capital markets and to control capital movements in the EU, especially those of a speculative nature, and also with a view to minimising the risk of financial crises, we attempted, by means of an amendment to this effect, to persuade the Commission to include in its action plan corresponding concrete measures. These included, in particular, the presentation of a report on the introduction of a tax on capital movements, especially speculative movements. We regret that our amendment was not approved."@en1

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