EU finance ministers have presented a compromise text for the Financial Transaction Tax (FTT) and urged Slovakia and Belgium, which is accused of deliberately blocking negotiations, to ratify it. EURACTIV France reports.
A creditor dispute over severance pay resulting from the Hypo Group Alpe Adria bank going under has been settled and the Austrian state of Carinthia has been spared bankruptcy. EURACTIV Germany reports.
EU states involved in the development of a Financial Transaction Tax have set a target launch date of 1 January 2016. Greece was the only participant not to sign the agreement. EURACTIV France reports.