

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

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 must be liberated from this undermining "wooden talk" of a "unique thought" which hampers democratic debates", stressed incoming EU Chairman, French President Nicolas Sarkozy, speaking to Journalists after his official meeting with EU Commission's President, Jose Barroso, at Elysee Palace in Paris
- "It's precisely because there are not enough Debates, that EU hasn't managed yet to make it clear to European citizens what is really at stake", he added, in an obvious reference to the latest Irish "No" in 2008, after a long series of similar, unprecedented events, from the 1st Majority Abstention to EU Parliament's Elections in 1999, repeated in 2004, to the Dutch and French "No" in 2005, etc.

- "This is not an easy period, but we shall act with determination, while also listening to Citizens' views", he promised.
Sarkozy's move came shortly before his opening Speech, next week in EU Parliament in Strasbourg, for the first Public Debate on the Priorities of the French EU Presidency (July - December 2008), and that's one of the reasons for which he significantly opened his EU Council's Chairmanship by welcoming at Elysee palace EU Parliament's President, German MEP Hans Gert Poettering at first..
The incoming EU Chairman was replying to Press Questions about rumours that controversial British EU Commissioner on Trade, Mandelson, was alone to drop an invitation to have a working Diner at Elysee palace, together with all other EU Commissioners and the French Government, only because he would have been upset for some critical points made earlier by President Sarkozy in defense of European Agriculture vis-a-vis its Foreign competitors.
But, as smiling Sarkozy played down Mandelson's reported refusal to debate, saying that he had to visit Marseille for a Ministerial meeting on Trade the next morning, and that "all our British friends are always welcome to taste a nice diner" in France, perhaps at another occasion..
- "It's urgent to win anew the trust of the People" : Lately, "the European ideal lost its momentum. Since several years, whenever Citizens are questioned on Europe, they react with reserves : They even have .. a tendency to reply "NO".. After this 3rd "No" of a People in some years, there is an Urgency to convince", added French Prime Minister Francois Fillon, after a meeting earlier the same day of all Ministers with EU Commissioners, followed by an interview with Barroso
"According to recent Polls, only 30% of French people believe that the European construction is a source of hope. It's only a poll, but we all now quite well, that, since 2005, it's dangerous to neglect these alarming signals, as it would be dangerous to treat with contempt the Irish "No", Fillon warned.
"We all have a common duty to prove to the European Citizens who have doubts, that EU is more useful, more necessary, than ever" : And "that EU can take decisions needed in order to respond to European or Global challenges", the Prime Minister concluded.
- "We believe, together with President Sarkozy, that EU should open debates on all issues of direct, concrete interest to Citizens", confirmed later to EuroFora the Head of France's governing party (UMP), Patrick Devedjan, after his speech to the European People's party (EPP) Study Days in Paris (2 - 4 July 2008).
He didn't deny that one of them is Turkey : - "Public Opinion in France is very much unfavorable to Turkey's EU bid, and President Sarkozy has said that several times", he told EuroFora.
From European Central Bank's controversial policies on Euro's value, to EU Enlargement Strategy, etc., issues of obvious importance to EU Citizens will be plenty, next week in EU Parliament in Strasbourg, before President Sarkozy launches the debates on EU 2008 French chairmanship's priorities on Thursday.