Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-109-750"

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"en.20110608.5.3-109-750"2
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"I want to draw attention to the proposal in this report for a financial transaction tax (FTT). A financial transaction tax could deal with two problems at once – how to finance ever-growing demands to put new EU policies in place, and how to make the financial sector contribute to the resolution of the economic crisis that it helped to cause. The tax revenues could moderate payments EU Member States currently make to the EU budget. At the same time, they will allow the smooth development of policies to safeguard the economic future of Europe. We would have the resources for investment in research and development, fighting climate change and in building solidarity between the regions of the EU. Europe should lead the world by levying this tax within its borders and campaigning for it to be introduced in the rest of the world. I urge the European Commission to act promptly on foot of this report and meet the demands of this democratically elected Parliament to bring forward appropriate measures."@en1
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