Registered: Mar 2010
06-22-12 09:34 PM
Quote from tomdavis:
Does anyone know if there have been other "enhanced cooperation" agreements in the past or would the FTT EC agreement be the first?
If there were any previous enhanced cooperation agreements, do we know any details such as: How long did they take to put into place? Were they challenged by other affected countries? Were there difficulties enforcing the agreements? Etc., etc., etc.
I read there was only one previous which was about Patents and signed by 25 countries iirc.
The Irish fin min said there was another EC agreement about a Divorce law but that might be incorrect.
They said this is the first time it will be economic/finance related.
The lawyer at the meeting today said it was a 5 step process, seemed to be quite bureaucratic, I doubt it could be done in less than 6 months.
There is also the actual proposal the 10 countries have to draw up and agree upon first, it is unlikely to be the current FTT proposal unmodified. That in itself could take many months.
The lawyer actually made the point they cant just start off with a general proposal and sort out the details later. The formal process needs to start with something concrete.