Germany and France asked the European Commission (...) to push ahead with plans for a financial transactions tax with a core of at least nine European Union countries, after failing to win backing for such a levy across the entire EU.
Germany had originally wanted a tax covering financial transactions across the 27-nation EU but the plan ran into opposition from Britain and some other countries, prompting it to aim instead for a core group to introduce the levy.
According to a statement released by the German finance ministry, the German and French finance ministers on Friday delivered a letter to the Commission asking for so-called "enhanced cooperation" to move ahead on the tax, a process which would need the support of a minimum nine EU member states.
Italy, Spain and Austria are among countries that have expressed support for such a tax in the past, but it remains unclear whether a full nine can be rallied to back the drive.
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