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  • Rajoy Backs Immediate Tax On Financial Transactions

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    Spanish prime minister holds first key international meeting with French Prime Minister Nicolas Sarkozy. Meeting produces two agreements: first, Rajoy backs creating a tax on financial transactions that would go into effect immediately. Second, Sarkozy claims that because of its GDP and position in the european union, Spain has to keep a position in the ECB.

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    Rajoy Backs Immediate Tax on Financial Transactions

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    Spanish prime minister holds first key international meeting with French Prime Minister Nicolas Sarkozy. Meeting produces two agreements: first, Rajoy backs creating a tax on financial transactions that would go into effect immediately. Second, Sarkozy claims that because of its GDP and position in the european union, Spain has to keep a position in the ECB.

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    Attribution Non-Commercial (BY-NC)
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    82 views1 page

    Rajoy Backs Immediate Tax On Financial Transactions

    Uploaded by

    EKAI Center
    Spanish prime minister holds first key international meeting with French Prime Minister Nicolas Sarkozy. Meeting produces two agreements: first, Rajoy backs creating a tax on financial transactions that would go into effect immediately. Second, Sarkozy claims that because of its GDP and position in the european union, Spain has to keep a position in the ECB.

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    Rajoy backs immediate tax on financial

    transactions
    El Economista
    17/01/2012

    Rajoy held his first key international meeting yesterday with French Prime Minister
    Nicolas Sarkozy. The meeting produced two agreements. First, Rajoy openly backed
    creating a tax on financial transactions that would go into effect immediately. Sarkozy
    likewise agreed to this measure.

    Second, Sarkozy took the bait and set another for Rajoy when claiming that Spain,
    because of its GDP and position in the European Union, has to keep a position in the
    Managing Committee of the European Central Bank (ECB). In fact, Rajoy advocated for
    Spain being "more involved in the EU and speaking up more."

    Rajoy outlined the battle that Sarkozy has made against the so-called Tobin tax, but
    steered clear of German Chancellor Angela Merkel's policy (taking more time to be
    able to reach agreement) and Sarkozy's position, that it is best to levy the tax
    relatively soon. Sarkozy has already promised that it will take effect before the end of
    the year.

    The Spanish prime minister insisted that the EU bosses are on the same page, which
    Sarkozy reiterated. "Let's discuss, let's agree and let's do this already," Rajoy said.

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