During the six years of economic crisis in Europe, its elites have not just attacked the living standards of workers, unemployed and poor. They’ve also been engaged in a three-and-a-half year scrap among themselves.
Their fight is over a financial transactions tax (FTT), first mooted by the European Commission (EC) in October 2010 for all 28 members states of the European Union. It was finally agreed to in January last year by 11 Eurozone members ― Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia (the “EU11”).
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