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Home arrow newsitems arrow The Biggest a.o. €uroArea Countries (9) ask to accelerate EU Tax on Financial transactions

The Biggest a.o. €uroArea Countries (9) ask to accelerate EU Tax on Financial transactions

Written by ACM
Tuesday, 07 February 2012
financial_transactions_400


A Letter signed by the 4 Biggest €uroZone Countries : Germany, France, Italy and Spain, joined by +5 more €-Members Finland, Austria, Belgium, Greece and Portugal, (i.e. totaling 9 €uro Countries), asking to "accelerate" an EU Directive project to establish a Tax on Financial Transactions, "is a Signal revealing that €uroZone's core is Ready to advance forward", and "shows that the proposal of a French Tax (due to be adopted on Wednesday),  is complementary to EU's process and may incite also other Countries to join the move", stressed French Minister of Economy, Finance and Industry, François Baroin, in a Press statement sent today to Medias including "EuroFora".


The Prime Minister of Italy, Mario Monti, and the Finance Ministers of the other 8 €urozone Countries, "concsious of the European Public Opinion's strong expectations" on the matter, signed and send, indeed, a joint Letter to the Danish rotating Presidency of EU Council, in order "give their full backing to the principle of the EU Directive's draft",  "to complete at least a 1st reading during the 1st Semester of 2012".  


+ They 9 key €urozone players firmly declared their strong conviction that a Financial Transactions' Tax is necessary (also) at an EU level, both in order to ensure a just contribution of the financial sector to the (Global) Financial Crisis' cost, but also in order to ameliorate the Regulation of Financial Markets.


Confirmed by French President Nicolas Sarkozy recently, an initial version of such a Financial Transactions' Tax, contained in the next Rectification Budget, is due to be adopted in Paris on Wednesday during the national Council of Ministers, and is expected to produce fiscal revenues of much more than 1 Billion € per year, while waiting for a more extended version to be endorsed after an EU agreement. But if anyone might, eventually, block EU's decision-making on this point, (which is normaly due to include also speculative transactions on Sovereign Bonds, etc), then, naturally, nothing hinders €uroArea Governance's "regular" New Summits (decided on Decembe 2011 and confirmed on January 2012 in EU Summits' in Brussels) to launch a properly €uroArea move in the Future.

 

(../..)

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(NDLR : "DraftNews", as already sent earlier to "EuroFora"s Subscribers/Donors. A more accurate and/or complete, Final Version may come asap).

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Europe brings Development dynamics at Global Crisis' Summit debates

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    Thanks also to EU Parliament Plenary's Strasbourg gathering, EU, during the French EU Presidency, managed to integrate the Development issues at Top Debates on the World Summit against the Economic Crisis  :

    For the 1st time, it's at the same moment with the Wahington G-20 Summit that EU Commissioner Louis Michel co-organizes here with the French EU Presidency parallel mega-events for the "European Development Days", starting from this Week-End and concluding at the eve of a landmark debate in EU Parliament, next Tuesday, on the outcome and follow-up of the Wash.DC Summit.

    EU and its Member Countries are the biggest donor for UNO's Millenium Development goals, with 56%, but the 27 are currently struggling to develop a collective leadership in Economic and social matters, that the 15 of EuroGroup (together with the UK and other countries interested to be usefully associated) are starting to spearhead, after the initial success of the 1st EuroZone Heads of State and Government Summit, of October 12 in Paris, according to a New Repport by MEPs Pervench Beres and Werner Langen on the 10 Years of EuroZone (1999-2009) debated Monday and voted on Tuesday.

    EU, CoE and World personalities will interact here with Heads of State or Government from Tanzania (African Union chair), Burkina Faso (CEDEAO + UEMOA chair), Zimbabwe (MDC chair), Madagascar, Haiti, Mali, Benin, etc, and some 3000 participants from the Economy, Civil Society, Media, Experts, etc, while the City of Strasbourg adds various related Citizen-events.

    Opened by French Secretary of State Alain Joyandet on November 15, and followed by a video-contact with EU Commission President Jose Baroso on the Washington Summit Sunday, the EDD are concluded by Foreign Minister Bernard Kouchner on Monday, while their main concerns cannot be ignored in the Debate that EU Parliament will hold on Tuesday, (followed by a Resolution on Wednesday), jointly on the G-20 Washington Summit and on EU Commission's work program for 2009.

    A practical opportunity for EU to reflect where it's better to spend EU Citizens' money...

    The move is prolonged in several Paris' meetings of EU chair, French President Nicolas Sarkozy with African Heads of State leading regional Organizations, as from Tanzania (A.U. Chair), Burkina Faso (chair of Economic African organizations), Togo, etc, (in parallel with a Ministerial EU - African Union conference in Ethiopia, followed by a visit to Tchad), logically concluded by a meeting with Robert Zoellic President of the World Bank.

    Many have already warned that an eventual aggravation of Development's Gap accross the World might become much more dangerous to Global Economy, Security, Values and Quality of Life, than Global Warming and/or other, even more serious challenges...

    Will they find an innovative and voluntarist way to really deal with the Development Gap, which might also contribute to help face the Economic Crisis ?

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