Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-514"

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"This report is the outcome of a compromise because no fewer than 1 625 amendments were tabled on it and it is divided into a series of key points covering the causes of the crisis, ranging from the property bubble to unsecured bank products, the lack of European tax harmonisation and the failure to observe the Stability and Growth Pact. We are all able to see the effects for ourselves: reduced wealth and unemployment. The answers can only be to create new employment by promoting enterprise and research and development, adopting measures that reward transparency and foster common European rules, for example, on tax, VAT and indirect taxation. The only thing that is dubious is the introduction of a new tax on financial transactions, which would effectively become the first European tax directly financing the Union budget. We cannot accept the fact that Europe should put its hands into the already empty pockets of its citizens during a time of crisis such as the one we are experiencing at the moment."@en1

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