Financial Transaction Tax

Radio Foro: On the Financial Transaction Tax (FTT)

The sixth summit between representatives of the European Union and Latin American and the Caribbean was held in Madrid in the midst of the continuing effects of the (economic) crisis.

Following the substantial panic in the financial sector which rose out of the Lehmann Brothers incident, the economic collapse in Greece has emerged at the forefront of European current events. The millions of euros spent in rescue packages have not seemed to make much of a dent in resolving their astronomical debts. In this vein, outcome for Portugal and Spain is still uncertain.

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