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FTT is a missed opportunity to create effective own resources for sustainable EU development and employment packageThe European Movement International (EMI) welcomes the renewed commitment to a Financial Transaction Tax, and agreement to reach the “widest possible base”, as expressed in the Joint Statement issued on 27 January by the ministers of the Member States participating in enhanced cooperation on the FTT.
Slow growth, economic stagnation, and the risk of deflation in Europe forced the European Central Bank (ECB) to keep interest rates at a record low and to announce a large-scale private and public bond-buying programme.