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http://www.businessweek.com/news/2012-11-13/schaeuble-urges-transaction-tax-action-as-nations-seek-details

Ridiculously they are not obliged to put up a detailed proposal before QMV takes place. And on top of that,if I understand it correctly, there is no further voting afterwards.

Jan Vincent-Rostowski (Polish Finance Minister) - Wikipedia entry: http://en.wikipedia.org/wiki/Jan_Vincent-Rostowski Born and educated (at a very expensive school) in Britain, he has been a member of the UK Conservative Party. On the face of it he would seem to be a natural ally of...

I've watched the video three times now and I'm shocked at the contemptuous disregard of any real democratic process. There is merely a facade of democracy for appearances sake. Under enhanced cooperation you only get to vote before you know what you're voting for. It is a complete joke...

Ecofin meeting is taking place now with FTT the last item on the agenda. Live webcast: http://video.consilium.europa.eu/webcast.aspx?ticket=775-979-12109

How much detail are proponents required to provide in their proposal before it goes to QMV? I am concerned that they might try to withhold some contentious aspects of the their proposal prior to QMV - specifically on the details of planned extra-territorial reach - in order to get it through.

http://europa.eu/rapid/press-release_SPEECH-12-802_en.htm?locale=en

If the UK, Sweden, Malta, Ireland, and Luxembourg vote against in QMV their votes would add up to 53 (http://www.eurofound.europa.eu/areas/industrialrelations/dictionary/definitions/qualifiedmajorityvoting.htm). 88 votes are needed to block. Poland, with 29 votes,have expressed reservations...

[...]London has reportedly indicated that it will not give the green light to enhanced cooperation. The 27 must approve the principle by qualified majority, but a vote will not take place until December 2012 at the earliest.[...]...

Agreed. This 10,000 post thread has been remarkably focused and constructive so far. Let's keep it that way.

Financial services companies, and stock brokers in particular, may start moving out of the Netherlands because of the new coalition’s plans, the Financieele Dagblad reports on Wednesday.[...] http://www.dutchnews.nl/news/archives/2012/10/financial_sector_angry_at_coal.php

Dutch agree to FTT: http://www.irishexaminer.com/business/dutch-agree-to-eu-robin-hood-tax-212471.html

Where are you quoting from?

EU Commission backs 10 euro zone states' financial transaction tax http://www.reuters.com/article/2012/10/23/us-eu-tax-idUSBRE89M0JY20121023 Looks like Estonia has backed off for now at least. The Estonian FM had previously said there wasn't much clarity or enthusiasm for the idea.

The French financial transaction tax has hit small cap stocks "particularly hard", with average daily turnover in smaller companies falling 26% during August and September compared with the first seven months of the year, according to Credit Suisse.[...]...

Berlin (dpa) - German Chancellor Angela Merkel proposed Thursday the creation of new European Union funds for special projects to be financed by the money raised through a financial transactions tax. Speaking in parliament ahead of a summit of the 27 EU leaders in Brussels Thursday, Merkel...

Senior cabinet members at the French Ministry of Economy and Finance have said they will not rule out extending the country’s Financial Transactions Tax (FTT) to some derivatives, and rejected criticism that the rules were extraterritorial.[...]...

LUXEMBOURG--Estonia's finance minister downplayed expectations of a surefire deal on a financial transactions tax in Europe, saying the relatively small number of countries that backed the proposal Tuesday is a problem. Asked if it's certain that Tuesday's proposals--supported by 11 countries...

LUXEMBOURG--Greece on Monday became the seventh European Union country to formally back the imposition of a tax on financial transactions, two EU spokespeople told Dow Jones Newswires.[...] http://www.4-traders.com/news/Greece-Backs-Financial-Transactions-Tax--15315933/

Live webcast of Ecofin meeting tomorrow from 10:00 CET: http://video.consilium.europa.eu/webcast.aspx?ticket=775-979-11947