Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-23-Speech-3-302-750"

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"en.20120523.15.3-302-750"2
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"The global economic crisis remains a concern for the European institutions and EU citizens. The creation of a financial transaction tax (FTT) has some significant aspects for the EU’s budget. I voted for the report by Ms Podimata because it stresses once again the constant attention being paid by the European Union to the effects of the crisis. In addition, its implementation will make it possible to generate more fiscal revenue for the European Union’s budget: approximately EUR 57 billion (two thirds of the total revenue of the FTT). It should be emphasised that the FTT needs to be applied globally, not merely at European Union level; otherwise, there would be a risk that financial entities would migrate to markets outside the EU, thus weakening the European market."@en1

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