Civil society campaigners, financial lobbyists, governments and many others in Europe and world-wide are waiting with bated breath for the long anticipated announcement of the introduction of the Financial Transactions Tax (FTT) in the EU, expected by the end of 2012.
Building a European social market economy is part of the quest for world peace and global justice. That was the theme of the Dialogue Seminar between Churches and the European Commission on 14 December.
Thus in the USA, many states contribute far more to the federal level than they receive from it, whereas others need significant net support. The system copes without quasi-Thatcherite cries of ‘I want my money back’.