Brussels, 07/09/2010

We strongly believe that it is high time for action. We need now a European FTT that raises money to finance recovery measures and that tackles purely speculative activities. A European financial transaction tax applied to all financial transactions would significantly curb speculation, and levies applied to banks would limit their excessive reliance on unstable sources of funding ” said John Monks, General Secretary of the ETUC.

ETUC will monitor closely the developments of such debates.

- ETUC calls for support for the financial transaction tax, (Letter to European leaders)