Brussels, 17/10/2012 (Agence Europe) - In an interview with six European press agencies on Wednesday 17 October, French president François Hollande said that revenue from the financial transactions tax (FTT) to be introduced shortly by 11 member states using the enhanced cooperation mechanism could be used in part for investment and in part to set up a training fund for young people. He suggested that some of the revenue could be added to the €120 billion earmarked in the European Growth Pact and the Structural Funds for growth stimulus measures in Europe. There is debate about what the tax should be used for, with some member states wanting all or some of it to feed the EU budget, while others want nation states to keep control over the income. Some European political parties, NGOs and African countries want at least some of the FTT revenue to be used for development aid. (FG/transl.fl)