Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-280-250"
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"en.20120523.15.3-280-250"2
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"I voted for this report recommending the introduction of a financial transaction tax (FTT) at EU level and therefore supporting the draft directive presented by the Commission last September. The FTT is an excellent instrument for raising new revenue to finance stimulus policies. It is one of the best ways of going beyond the austerity policies that are leading Europe straight into disaster, driving too many of Europe’s citizens into poverty and leading to political and democratic stalemate, the magnitude of which is still not being acknowledged by some. However, I regret that the European Parliament has granted an exemption to pension funds. It is the wrong signal, especially since these funds – which are long-term investors – are only marginally affected by the tax, which mostly penalises short-term players."@en1
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