Brussels, 14th March 2013
For immediate release
The proposed new financial transaction tax (FTT) will reduce the attractiveness of savings and the supply of long-term financing in Europe, particularly in the FTT-zone
- The new proposal for a Council Directive implementing an FTT in just 11 EU Member States (FTT-zone) will lead to significant costs on savings and reduction in future pension levels of EU citizens.
