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Europe Global Environment & Development The New South From G8 to G20 The Development Agenda UN Reform Global Finance Doha Final The Euro-zone in Crisis Eastern Europe


Europe taking the lead on speculations tax

Boost to the FTT campaign

Out of the ashes of the 2008 financial crisis, an idea that progressives have been kicking around for decades – a financial transactions tax (FTT) – took on new life. There were hopes that the G20 would take up the proposal. And there were some early encouraging signs. Today, however, European leaders are going ahead on their own, Sarah Anderson reports at Foreign Policy In Focus.

 

There were high hopes that the G20, which had declared itself the “premier forum for international economic coordination,” would take up the proposal as a way to raise massive revenues to pay for the costs of the crisis and also discourage reckless short-term financial speculation. And there were some early encouraging signs ...


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