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Right now it only has 19 co-sponsors in the House and probably won't get out of committee for a vote. As we get closer to the 2012 elections, expect there to be more support for the FTT because the unions have made it clear that to get their money and votes, pols will have to support the...

How ironic it would be if Sweden, the Czech Republic, Malta, etc. end up restructuring the treaty so it's acceptable to the UK. Cameron will look like the greatest negotiator on the planet. He creates chaos by calling the Merkel/Sarkozy bluff, then sends in footsoldiers to clean up the mess...

While I agree with you in principle, I don't see what can be done to stop Merkel/Sarkozy/Barroso from introducing an FTT to be adopted by a coalition of willing countries. There are 15 EU/EZ countries that will join Germany/France, no questions asked; and perhaps as many as 5 others that could...

In Dean Baker's fantasy world of rainbows and lollipops it doesn't matter how many people lose their jobs because the government takes care of everyone with the hundreds of trillions of dollars they collect from the financial transactions tax. Here's the Dean Baker theme song...

The ever-ambiguous Dean Baker never specifically defines "efficient" and never even attempts to discuss the interaction with "effectiveness" variables. As your airline example shows, increased efficiency often causes decreased effectiveness resulting in higher costs than the benefits of any...

Baker's arguments are little more than far-left political demands thinly disguised as economic theory. He knows that if he makes a strong enough emotional plea ("punish the capitalists") the 99% will follow like lemmings. I'll give Baker credit for being right about one thing: In the end...

According to this article, the FTT and common corporate tax were taken off the table at the summit. http://www.timesofmalta.com/articles/view/20111209/local/malta-successful-at-eu-summit.397605 Malta's efforts to keep its economic flexibility paid off this afternoon as a possible...

If we fight among ourselves we will sink our own ship! If you're against the FTT, I'll fight this battle with you even if we have many other differences of opinion.

I think it's pretty clear that the answer is YES. Every NYT article I've seen on the subject has has a decided pro-FTT bias.

http://www.independent.co.uk/news/world/europe/eu-26-fight-to-stop-pact-unravelling-6277137.html EU 26 fight to stop pact unravelling Although the "fiscal compact" to impose greater budgetary discipline on the eurozone was accepted in outline by all EU countries except Britain, four...

Merkel/Sarkozy/Barroso/VonRumpuy etc. are obsessed with the FTT. They will not stop under any circumstances. They will enact the FTT among a "coalition of the willing," perhaps 12-15 EU/EZ countries. The EU FTT will be designed to cause as much economic damage to London's financial markets as...

My friend in Sweden made an interesting point: He said that Merkel/Sarkozy/Barroso/Rumpuy made a big deal about this Treaty and, after losing the UK, they can't walk away empty handed. That leaves them in a weak negotiating position. They have to be able to say they brought Europe together to...

This was posted earlier by guru, but I think it bears repeating as it may shed a little light on the issue. http://www.timesofmalta.com/articles/view/20111209/local/malta-successful-at-eu-summit.397605 Malta's efforts to keep its economic flexibility paid off this afternoon as a possible...

I think I'm missing something... Sweden and Malta have said they won't accept the ftt unless it's global. Yet, it appears that they've agreed to a treaty change that would take away their veto power and allow the tax to be forced upon them. From this information we could conclude...

Key anti-FTT conclusions from the CBO report: (1) FTT proponents make the claim that the FTT will reduce volatility which is refuted in this CBO report: “However, the tax would discourage all short-term trading, not just speculation—including transactions by well-informed traders and...

Who's for (and who's against) the new EU treaty may take weeks, if not months, to resolve. -------------------------------------------- Cameron's European gang of four: the Chuks The EU treaty crisis has not left the UK as isolated as it may seem – the Czechs, Hungarians and Swedes...

It's a long list. Here's a small sample: "Saddam's goal ... is to achieve the lifting of U.N. sanctions while retaining and enhancing Iraq's weapons of mass destruction programs. We cannot, we must not and we will not let him succeed." -- Madeline Albright, 1998 "Iraq made commitments...

It looks like the new 85% rule is still being negotiated: http://www.reuters.com/article/2011/12/10/us-eurozone-idUSTRE7B30AO20111210 "But a new treaty will take weeks of wrangling as countries like Finland and Slovakia oppose a Franco-German drive to take decisions on future bailouts...

This was posted earlier by guru. I think it answers your question. http://www.timesofmalta.com/articles/view/20111209/local/malta-successful-at-eu-summit.397605 Malta successful at EU summit Malta's efforts to keep its economic flexibility paid off this afternoon as a possible...

I spoke to a friend of mine who lives in Sweden. His understanding is that the agreement does not include the FTT. He said the Swedish government made it clear they will not accept the FTT under any circumstances.