There is clearly a gap between the "expectations created" regarding the future financial transactions tax (FTT) and the actual discussions between the member states, the German finance minister, Wolfgang Schäuble, said on Tuesday 6 December, adding that enhanced cooperation was not the best way forward.
Schäuble argues that "enhanced cooperation is not the perfect instrument" for a tax of this kind, which cannot be seen so far as a success story, he told the public session of the meeting...