Use the FTT as it was intended

The financial-transaction tax should be used for social issues such as poverty

The European Commission has now given 11 EU member states the green light to implement a financial-transaction tax (FTT), showing that the EU has no intention to be hostage of the financial sector’s vested interests. Your most recent report (“Commission proposes transaction tax for ten countries”,, 23 October) did not address one burning question that this welcome development raises: how will the revenues be used?

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