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Pros and cons of a financial transaction tax

Pros and cons of a financial transaction tax

A tax on financial transactions is probably not the best way to curb speculation and find extra revenue to bail out failing banks, MEPs heard on Wednesday at a public hearing held by the EP Economic and Monetary Affairs Committee. Source : © European Parliament

Catherine Ashton: EU should do more to “punch its weight” politically

Catherine Ashton: EU should do more to “punch its weight” politically

Catherine Ashton, the EU’s new High Representative for foreign policy, assured MEPs on Wednesday that she had the qualities needed to do the job. During a discussion with the Foreign Affairs Committee she said she would help Europe “punch its weight” politically.

CO2: free allowances for industries that might otherwise leave the EU

CO2: free allowances for industries that might otherwise leave the EU

Industries that might leave the EU and hence escape its CO2 emission trading rules, could get up to 100% of their CO2 emission allowances for free, to encourage them to stay. A list of industry sectors and sub-sectors to be eligible for free allowances under the revised Emission Trading System (ETS) from 2013 was backed by the Environment Committee on Wednesday, in a bid to prevent relocation-driven “carbon leakage”