Schauble backs financial transaction tax
German Finance Minister Wolfgang Schauble and his French counterpart Francois Baroin urged in the letter that the European Council presidency put the issue on its agenda in coming months.
“Although the Toronto G20 meeting demonstrated that a global agreement is very difficult to achieve, we strongly believe that the implementation of a financial transaction tax at the European level would be a crucial step on the path to reaching a global consensus in a way that does not affect European competitiveness,” the letter said.
