Brussels, 08/03/2011
“The ETUC welcomes the outcome of the vote on "Innovative financing at a global and European level" Report and the confirmation of the European Parliament position on the Financial Transaction Tax (FTT). It is now time to finally adopt and implement, without any further delay, an FTT at the European level. Such a tax is just and fair because it will allow to collect resources from a sector that is undertaxed and is more responsible for the crisis than the workers who are currently carrying the burden. With a 0.05% rate, an FTT could yield €200bn per year that could be used for specific European programmes of investment and development in order to relaunch employment and growth” said John Monks, ETUC General Secretary.