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Financial transaction tax

Published on September 27, 2011
Prospect of a European financial transaction tax being introduced from 2014 – Communiqué issued by the Ministry of Foreign and European Affairs

Paris, September 23, 2011

Jean Leonetti, Minister responsible for European Affairs, is pleased at the prospect of a European financial transaction tax being introduced from 2014.

Jean Leonetti welcomes the European Commission statement referring to 2014 as a “reasonable” estimate for the introduction of a financial transaction tax.

He notes that the Commission is demonstrating its responsiveness and he shares the firm belief that there must be faster EU economic integration, which President Sarkozy and the [German] Chancellor urged at the 16 August summit.

This economic integration also requires Euro Area member states to implement the decisions of the 21 July 2011 summit as soon as possible, which will allow the European Financial Stability Facility (EFSF) to be strengthened and the European Stability Mechanism (ESM) to be established./.

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