Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-287-250"
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"en.20110308.22.2-287-250"2
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"The economic and financial crisis has highlighted the total lack of ethics in this area. The paradigm of the new welfare economy, whereby the pursuit of individual wellbeing is the key to collective welfare, which is the sum of its parts, is apparent in all its inadequacy. According to this approach, individual interest does not set any limitation on the collective interest, let alone the general interest. Yet because public government must set general interest as a framework within which to operate, and provide free space for freedom and individual rights within it, it must support this with a fair and progressive tax system. Consistent with this approach, which must be supported at global level by the EU and all G8 and G20 countries, the revenue from financial transactions must be made comparable to other revenues through a specific tax system that favours greater responsibility by operators together with other rules and new paradigms. The introduction of Eurobonds designed for the crisis fund and infrastructure projects could strengthen the EU’s ability to take action if they were additional to the EU budget. The report that we have adopted seems to me to be moving, albeit slowly, in this direction."@en1
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