Registered: Nov 2011
06-07-12 01:52 PM
Quote from listedguru:
So I guess Germany and France are going to go ahead with some sort of ftt and hope that some other countries follow suit? This will be very interesting to watch going forward. Can you say slow motion train wreck.
I think they are hoping that the 9 countries that have signed the letter to the Danish EU presidency, about speeding up the FTT negotiations, will form an enhanced cooperation ( which requires at least nine willing countries), to adopt the FTT in their countries. But it is still the question if all those 9 countries really have the intention to introduce the FTT in their country, when it's not EU- or at least EZ-wide. Italy (Monti) e.g. has always said that he will support a FTT only if it's EU-wide. And i also doubt if Finland would support a FTT when it's even less than EZ-wide. So Germany (probably) does now, but without the support of at least 8 other countries there will be no enhanced cooperation of FTT willing countries.