Upon his arrival at the Ecofin Council meeting on Tuesday 21 January, Austrian Finance Minister Gernot Blümel announced that he was unable to support the German proposal for a Financial Transaction Tax (FTT) presented in December 2019.
"We need a new proposal. If this is not the case, Austria will have to leave the group (enhanced cooperation, editor's note)", he said. Mr Blümel, who spoke to his German counterpart, Olaf Scholz, on Monday, told him that the German proposal, which was too...