Their results are unsurprising if not depressing.
Six in ten MEPs also believe that such a tax will be welcomed by their constituentsSo that is general, what about specific. What about those who should have a clue,
Overall, MEPs and Brussels Influencers don’t think that an FTT will make Europe’s banking sector less competitive worldwide
Perhaps the most intriguing result is the fact that while a majority of members (or substitutes) of the Economic Affairs committee of the Parliament (59%) believe that such a tax will make Europe’s banking sector less competitive worldwide, yet they would still support its introduction (63%)So even those who know that it is a bad idea, still support it.
Given what the Brussels meeting today is supposed to be about growth, jobs and competitiveness this is just maddening.