CrisisWatch

Issue 14, April 2013

Prospects for Financial Transactions Tax in dire straits

The January 22nd decision of the European Council to allow 11 member states to launch a tax on financial transactions through enhanced cooperation is facing serious pressure both from “inside” and “outside”. Italy, a member of the 11 states participating in the FTT enhanced cooperation process, expresses fears for short-term negative impacts on sovereign bonds....
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