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EXTRA: EU ministers give green light for 11-country financial tax

Europe
22.01.2013
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Brussels (dpa) - European Union finance ministers have given their blessing for 11 eurozone countries to unilaterally implement a financial transaction tax, France‘s representative said Tuesday.

"It is very positive," said Benoit Hamon, junior minister for the social economy, expressing hope that the levy would be implemented as soon as possible. "It will give European citizens the feeling that we are learning the lessons from the crisis."

He said countries such as Sweden, Denmark, Romania and Hungary had asked for the process to remain open, so that other nations can sign up at a later point. Some states are still worried about the tax‘s impact on their competitiveness, Hamon noted.

The Netherlands is interested in signing up, while other countries such as Britain, Luxembourg and Malta oppose the idea, Hamon said. dpa amh hl

 

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