Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-290-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-05-23"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"sk"^^xsd:language2
lpv:document identification number	"en.20120523.15.3-290-000"2
lpv:hasSubsequent	lp_eu:2012-05-23-Speech-3-290-2502
lpv:speaker	lp:Sergej Kozlík2
lpv:spokenAs	unknown; Ľudová strana - Hnutie za demokratické Slovensko (2009-07-14--2014-03-19)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3 member_of_the_bureau; ALDE (2009-07-20--2014-06-30)3 substitute; ENVI (2012-01-19--2014-06-30)3 member; BUDG (2012-01-19--2014-06-30)3
lpv:translated text	"The Commission’s proposal for a common system of financial transaction tax indicates that over the past decade, there has been an enormous increase in financial transactions and a shift from long-term investments to short termism and highly speculative and risk-taking transactions, for example, high-frequency trading. This clearly demonstrates a shift in the main role of the financial sector from financing the needs of the real economy to operations which have no productive impact and can severely disrupt market prices and the functioning of national economies. In my opinion, however, the transaction tax proposal may bring in considerable resources, but, at the same time, they will pass into banking services via other channels and will fail to reduce the volume of speculative transactions. It is also unlikely that the directive will be uniformly applied across the EU. I have therefore not lent my support to the proposal at this stage."@en1

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