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Speaking to Financial News last week, Anni Podimata, Greek socialist Member of the European Parliament, who has spent the past three years leading negotiations to introduce the FTT, said: “I urge every Member State to stick on this and try to work collectively. Myself and the Parliament will not allow the proposal to end up as a skeleton. We have to defend it to the end.”
The tax, which is being introduced by 11 Member States, has come under sustained fire, with the UK last week lodging a complaint against it in the European Court of Justice. The UK is concerned over the extra-territorial implications of the tax.
Podimata said: "It is important that the Parliament can demonstrate to EU citizens that the financial sector is assuming a fair cost for the crisis".
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