Countless deadlines for the financial transaction tax (FTT) have come and gone. Despite the promises made last June, no deadline has been set for the month of September.
Before the summer, the ten participating states decided to set up two working groups to examine two particularly thorny aspects of the negotiations by September: one group, led by Italy, would look into the impact of taxing derivative products on sovereign financing; the other, headed up by Germany, would look at the costs...