Madam President, on behalf of the Group of the European Liberal, Democrat and Reform Party, I must express my surprise at this debate on the international movement of capital and its possible taxation which, although it does not mention it in the text, appears to be an attempt to revive, as the introduction has done, the issue of the tax proposed some years ago by Mr Tobin, which our Group opposed, clearly and totally, during the last legislature, with a series of arguments clearly and coherently expressed by our President, Mr Cox.