Merci, Président Hollande

France is showing the rest of the EU the way by introducing the new tax on financial transactions – but it could still do far more.

For much of the Olympic Games, France was the leading EU medal winner. In another arena – important to millions globally – it is a leader in Europe. On 1 August, it became the first European country to introduce a new financial-transaction tax (FTT) on equity sales and high-frequency trading.

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