Vienna, 9 October 2012 Press release

Lopatka: Welcome breakthrough for financial transaction tax

Vienna, 9 October 2012 - "I welcome the fact that eleven countries have agreed on closer cooperation in matters of the financial transaction tax and that we can now take a flying start together with the ten EU partners. This is a breakthrough on European level and an important message for the global financial markets", Austrian State Secretary Lopatka said after eleven EU member states reached an agreement on introducing a financial transaction tax in Europe on 9 October 2012.

"Austria has always been at the forefront in demanding a financial transaction tax. A decade ago Chancellor Wolfgang Schüssel proposed a tax of this kind during his term in office. The financial transaction tax has often been rejected on the grounds that it would be impossible to implement; but it has now been shown that good justifications and persistence can win over partners for important issues. We have kept this tax on the European agenda especially also during the negotiations of the coming EU budget 2014 - 2020. It is now all the more pleasing to see that the necessary number of EU partners have been found and that an agreement has been reached", Lopatka said.


Federal Ministry for
European and International Affairs
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