Following the FTT Working Group meeting on the 3rd of March, PES President Sergei Stanishev stated that; “we welcome the French-Austrian initiative to take the lead on the negotiations and the resolve of the Group of 11 to have a Financial Transaction Tax implemented by 2016. The PES is committed to see the negotiations through and will continue to be a key driver of the process”.
Mr. Stanishev added that; “the Financial Transaction Tax has been a flagship policy for the Party of European Socialists for the last 6 years. We strongly support the developments taking place in the group of 11 with the initiative of french Finances Minister Michel Sapin”.
List of 11 member states: Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia.
