Verbatim report of proceedings - Explanations of vote

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Verbatim report of proceedings
Tuesday, 25 October 2011 - Strasbourg	OJ edition

Explanations of vote

Text tabled : A7-0323/2011

Kyriakos Mavronikolas (S&D), in writing. – (EL) It is high time that the structures of the International Monetary Fund were reviewed in order to make it a more political body, to stop the policy of intervening in exchange rates, and to adopt global rules to distinguish between speculative and traditional banking operations. The members of G20 should agree to apply a global tax on financial transactions and, at the same time, should adopt stronger financial regulations and supervision at global level. Our objective is to avoid further disruption, which is why we need to address current imbalances between economies globally.

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