Tuesday 11 July 2017
S&D Press release
Version française ci-dessous
Today, S&D Euro MPs expressed their bewilderment and severe disappointment with the news that the French minister of finance Bruno Le Maire intends to indefinitely postpone the introduction of a European financial transaction tax (FTT) in ten EU countries. Moreover, Minister Le Maire even declined the invitation of the European Parliament’s Panama Papers Inquiry Committee for a special hearing where his colleagues from the Netherlands, Italy, Germany and Ireland participated.
S&D Group vice-president Udo Bullmann and S&D Group spokesperson for economic and monetary affairs Pervenche Berès said:
“France has made a full U-turn from a key ally in the fight for the introduction of an FTT to a foot-dragger. This is really disappointing.
“Yesterday, President Macron wanted to use the FTT returns to finance the ecological transition and a modern development co-operation. Today his finance minister is bowing before the banking lobby. The S&Ds clearly object to such somersaults.
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