Chancellor Mr. Werner Faymann, AUSTRIA
Prime Minister Elio Di Rupo, BELGIUM
Prime Minister Andrus Ansip, ESTONIA
President François Hollande, FRANCE
Chancellor Angela Merkel, GERMANY
Prime Minister Antonis Samaras, GREECE
Prime Minister Enrico Letta, ITALY
Prime Minister Pedro Passos Coelho, PORTUGAL
Prime Minister Robert Fico, SLOVAKIA
Prime Minister Alenka Bratušek, SLOVENIA
Prime Minister Mariano Rajoy, SPAIN
Global civil society calls for a broad-based Financial Transaction Tax (FTT) to be implemented under the Enhanced Cooperation Procedure in Europe.
We are writing to you as representatives of global civil society to congratulate you, and the 10 other European countries, on your agreement to implement the FTT.
We urge you to stick to your commitment to introduce a broad-based FTT covering shares, bonds and derivatives (as proposed by the European Commission). An FTT designed in this way would raise an additional €34 billion in revenue - vital funds to help protect jobs and public services and help ensure you deliver on your overseas commitments to tackle poverty, combat climate change and promote sustainable development.
In recent weeks the financial lobby has launched a series of attacks on the FTT. For the most part, these are scare stories generated by the financial sector as it faces the reality of having to pay for the crisis it caused and make a greater contribution back to society.
We call on you to remain strong in the face of the financial lobby and instead listen to the hundreds of organisations (representing millions of global citizens) who are calling for a broad-based FTT to bring greater stability to the financial sector and raise billions in revenue to help those hit hardest by the economic crisis.
By being a pioneer of the Financial Transaction Tax, you are setting an important precedent for other countries to follow the historical lead you are taking.
On behalf of the undersigned civil society organisations