Tag Archives: FTT

Franco-German Munificence!!

In January 2011, French President Nicolas Sarkozy proclaimed that by the end of the year, France was ready to implement  a financial transactions tax (FTT) to help poor countries. The German Chancellor, Angela Merkel,  also expressed her support.

Sarkozy promised: “My conviction has always been that the FTT is the best form of innovative financing…. France is prepared to implement innovative financing mechanisms even if other countries should choose not to join. Because there is a moment in time where you have to go from discourse to setting an example.”

But, surprisingly, no agreement has yet been reached.

It’s urgent that France and Germany take concrete action to drive this joint proposal forward and to ensure that the revenues will be used to help reach the Millennium Development Goals.

France’s and Germany’s generosity is to be admired and we should do all we can to encourage this initiative, especially in the wake of such momentous upheavals within the Eurozone.

One trusts that our Prime Minister takes the time to gently remind the French and the Germans of  this more-than-generous gesture.

The petition is here: http://www.thepetitionsite.com/takeaction/825/474/357/

PLEASE RETWEET.