It was, at the end of the day, a fairly modest breakthrough, but far more than we have been used to: the conclusions of the working groups set in place in June were enough to convince the ten member states participating in the enhanced cooperation on the financial transactions tax (FTT) to lift their first wave of misgivings.
In June this year, two working groups were tasked with looking at, firstly, the impact of the future tax on government debt and, secondly, the cost of collecting...