Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-279-250"
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"en.20120523.15.3-279-250"2
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"While there are elements in the proposal with which I agree, there are other problems which should not be ignored: introducing the financial transaction tax solely Europe-wide could, first of all, adversely affect Europe’s competitiveness in this sphere; secondly, granting the European Union the power to set taxes restricts the autonomy of the Member States; finally, we should not forget, on the one hand, the changing nature of the sector, which makes it difficult to legislate in this area, and, on the other hand, the risk that the burden that is intended to fall upon the financial institutions may be borne by the citizens, who are already victims of the economic crisis. For these reasons, I thought it appropriate to abstain."@en1
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