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The financial transactions tax is to be discussed by EU finance ministers at an informal meeting in Copenhagen this weekend (Photo: europarl.europa.eu)

Schulz: 1 million EU signatures could spur finance tax

The citizens' initiative - a participative democracy tool coming into effect at the end of this week - could be used to pressure EU politicians into accepting a financial transactions tax (FTT), the European Parliament President has said.

"I don't know if the next citizens' initiative would make the crisis disappear, I hope so. But a citizen's initiative to introduce the financial transactions tax could even increase the pressure on those who are still reluctant," Martin Schulz said at ...

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The financial transactions tax is to be discussed by EU finance ministers at an informal meeting in Copenhagen this weekend (Photo: europarl.europa.eu)

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