NEW Financial Transaction Tax: - statement by Anni PODIMATA (S&D, EL),

Type: News   Reference: 87476   Duration: 00:03:51  Lieu: Brussels, Belgium - European Parliament
End production: 09/10/2012   First transmission: 09/10/2012
Anni Podimata (S&D, EL), the MEP spearheading Parliament's position on establishing a financial transaction tax, today made the following statement about the intention of 11 countries to press ahead with the FTT. Note: Currently 11 countries have signalled their intent to press ahead with an FTT. Nine are needed for enhanced cooperation to be used. The countries are Germany, France, Belgium, Austria, Slovenia, Portugal, Greece, Italy, Spain, Estonia and Slovakia.

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00:00:00 Title 00:00:05
00:00:05 Exterior view EP, Brussels 00:00:05
00:00:10 SOUNDBITE (English) Anni PODIMATA (S&D, EL) "It is a great date for the European Parliament, it is absolutely good news the fact that 11 member states have taken a clear engagement to proceed to the introduction of the financial transaction. The European Parliament has been leading to many years this campaign in favour of an FTT and through the report which was adopted with a huge majority last May we clearly indicated that if a decision through the unanimity rule was proven impossible the member states should choose the rules of enchase cooperation and proceed. So just I wanted to point out that the parliament will continue to follow very closely the evolution of this situation. We expect now the 11 champions to proceed to the official letter to the European Commission in order for the process of the Haze cooperation to be kicked off and about the procedure we will follow very closely the substance. We expect the 11 champions to be consistent and coherent with their engagement and make sure that the financial transaction tax will be covering all the financial products and all the financial markets without exceptions." 00:01:29
00:01:39 SOUNDBITE (English) Anni PODIMATA (S&D, EL), "As we are taking about the taxation rule; we are aware that it would be, as it proved to be, very difficult to get the unanimous decision, the crucial thing is not to allow to few number of member states to block the whole procedure so it is very important that the 11 member states who have taken this clear engagement to proceed, it is very important that we finally proceed to the implementation of a financial transaction tax. I said that we believe in the European Parliament that these member states which have taken the political decision to move forward we would have made a great step towards their own citizens in giving them a real and concrete proof that they are taking their interest seriously into consideration. I expect that the member states that have decided for different reasons to stay aside for the moment at least that they will have to face the pressure from their citizens because, as we are fully aware, a great majority of European citizens, even from the member states that are objecting this tax, are very much in favour of a financial transaction tax. 00:01:36
00:03:15 cutaways views with Anni Podimata entering the meeting room (6 shots). 00:00:36
00:03:51 End 00:00:00
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