Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-08-Speech-4-104"
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"en.20091008.13.4-104"2
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"Madam President, I voted for the resolution and also for the amendments to bring in the Tobin tax.
This was on grounds of personal consistency, because back in 2002, when I was a member of the Basque Parliament, it adopted a resolution saying that we considered it necessary to tackle the phenomenon of international capital movements, in accordance with their social and economic impact throughout the world, that we should introduce criteria and mechanisms to provide some mechanisms for monitoring and contributing to human development, to overcoming inequalities between peoples and social sectors, and to environmental balance, and that we had an obligation to set up mechanisms to restrict speculative movements.
In the same way, we believed that we had a duty to contribute to the development of proposals to deal with the democratic control and the social impact of international capital movements. We also laid down and approved the need to establish urgently the so-called ‘Tobin tax’, which is a tax on international financial transactions earmarked for development aid, as well as to establish democratic mechanisms for regulating the international system.
Several years have now passed since the Basque Parliament adopted that decision, and I am pleased that the European Parliament has adopted a resolution that takes the same line."@en1
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