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Image header Agence Europe
Europe Daily Bulletin No. 10581
Contents Publication in full By article 23 / 29
ECONOMY - FINANCE / (ae) ftt

Tax to cut member state contributions to EU budget by estimated €54 billion

Brussels, 23/03/2012 (Agence Europe) - If adopted according to the Commission's suggestions, as a new “own resource” of the EU budget, the financial transaction tax (FTT) would significantly reduce the contributions of member states to the EU budget. According to estimates presented on Thursday 22 March 2012 by the European Commission, member state contributions would be slashed by €54bn in 2020, says the Commission (see EUROPE 10580).

Germany's contribution could be cut by some...

Contents

A LOOK BEHIND THE NEWS
A Look Behind The News, by Ferdinando Riccardi: The EU needs to accept the developments underway in the countries of the southern side of the Mediterranean and work with them, whilst keeping its own principles in place - reality and illusions
EXTERNAL ACTION
(AE) SYRIA: EU extends sanctions to family of Bashar al-Assad
(AE) IRAN: Sanctions in force from Saturday
(AE) BELARUS: EU brings sanctions against further 12 people and 29 companies
(AE) MALI: EU suspends cooperation, condemning coup d'État
(AE) LATIN AMERICA: Warning about social and environmental dangers of free trade
INSTITUTIONAL
(AE) GENERAL AFFAIRS: Discussion of 2014-2020 Financial Framework on Monday
(AE) FUTURE OF EUROPE: Sarkozy wants political Europe which protects
SECTORAL POLICY
(AE) ENVIRONMENT: End to dangerous scrapping of EU vessels
(AE) ENVIRONMENT: Four countries singled out over infringements of EU law
(AE) CLIMATE: Launch of Climate-adapt assistance tool for adaptation policies
(AE) FISHERIES: Damanaki satisfied with agreement in principle to end discards
(AE) REGIONS: CoR's Copenhagen statement sets tone for RIO+20
(AE) REGIONS: Intensely green Summit of Cities and Regions
(AE) REGIONS:
(AE) JHA: USA - Sophie in 't Veld criticises shortcomings of swift and PNR agreements
(AE) JHA: Number of asylum seekers up in 2011
(AE) SPACE: EU restocks International Space Station
(AE) TRANSPORT: Common airspace with Israel
(AE) TRANSPORT: Bringing EU law into line with Maritime Labour Convention
ECONOMY - FINANCE
(AE) INSURANCE: Controversial capital requirements for Solvency II
(AE) FINANCE: ESRB to focus on financing of real economy
(AE) FTT: Tax to cut member state contributions to EU budget by estimated €54 billion
SOCIAL - EDUCATION
(AE) SOCIAL: Criticism of posting of workers package
(AE) EDUCATION: Mismatch between job supply and demand continues
COURT OF JUSTICE OF THE EU
(AE) CJEU: Airlines must provide care even in extraordinary circumstances
(AE) GENERAL COURT: Commission has right to competition information
EVENTS CALENDAR
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