EURACTIV PR

An easy way of publishing your relevant EU press releases.

Date

07 May 2014

Sections

Euro & Finance
Financial transaction tax

Commenting on the agreement between 10 EU governments on the introduction of a financial transaction tax (FTT) through the enhanced cooperation procedure (1), Green economic and finance spokesperson Philippe Lamberts, said:

“By announcing the gradual introduction of a financial transaction tax, starting 1 January 2016 at the latest, the Member States participating in the enhanced cooperation procedure want us to believe that they today took a decisive step towards financial regulation and social justice. This is not the case. They have instead definitively buried the ambitious proposal that was prepared by the European Commission on 14 February 2013. The ministers of the participating Member States have today simply agreed in principle that only shares and certain derivatives will come under the scope of the tax. Although the participating Member States are presenting this initiative as a first step that would later lead to an extension of the FTT’s scope, they’ve been very careful to avoid making any actual commitment on this.   

In short, with a cynical eye on the upcoming European elections, the ministers of the participating Member States have today carried out what is purely a public relations exercise in an attempt to polish up a dull and disappointing track record.  The sole merit of this clumsy attempt at grabbing the spotlight is that it highlights their glaring lack of ambition on this issue and their susceptibility to lobbying from the financial sector.”

(1) A group of 11 EU member states agreed on the fringes of the Eurogroup meeting of Eurozone finance ministers to launch a financial transaction tax based in their combined jurisdictions through an enhanced cooperation procedure http://europa.eu/legislation_summaries/glossary/enhanced_cooperation_en.htm

 

Press Service of the Greens/EFA Group in the European Parliament

Helmut Weixler
Head of Press Office
Phone: 0032-2-284.4683
Mobile phone: 0032-475-67 13 40
E-mail: Helmut.Weixler@europarl.europa.eu

website: www.greens-efa.org

 

Jobs

BRAK - Bundesrechtsanwaltskammer
Assistenz (m/w/d)
Forum CTEP GmbH
Debate Editor (f/m/d)
Intercultural Dialogue Platform
Videography & Media Intern (Paid Internship)
Intercultural Dialogue Platform
Social Media & Graphics Intern (Paid Internship)
CENTRE TECNOLÒGIC DE TELECOMUNICACIONS DE CATALUNYA - CTTC
Researcher position in Communication Technologies Division - SMARTECH Department
One Policy Place (OPP)
Policy Analyst - EU Finance Policy
INEA - Innovation and Networks Executive Agency
PROJECT OFFICER Horizon 2020 Research and Innovation - Transport
Eastern and Midland Regional Assembly
EU support officer