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PES campaign - Financial Transaction Tax

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The PES has been at the forefront campaigning and supporting the implementation of this progressive tax since 2010.

On 22 January 2013 the Council adopted a decision authorising eleven member states to proceed with the introduction of the FTT: Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain. 

After a hesitating start of the negotiations, the French-Austrian initiative to take the lead on the negotiations has restored the resolve of the Group of 11 to have a FTT implemented by 2016.

The PES is committed to see the negotiations through and will continue to be a key driver of the process.

What is it?
The FTT is a tax levied on all financial product transactions; every time a financial product is bought or sold, a very small proportion of its price (0.05%) is collected.

By applying a FTT in Europe:

  • up to €200bn per year would be collected
  • speculation would be discouraged
  • the ones who caused the crisis and were bailed out would pay for the damage they caused

Cheap and easy to implement 
Financial transactions are done electronically so a FTT is easy and cheap to collect: all fees and transaction costs are levied directly. As simple as adding a line of computer code.

More than 1000 PES members of parliament have called for a FTT to be implemented


What we are fighting for
Read the PES Common Manifesto for the European Elections 2014

Our Campaigns


In some countries as many as one young person out of two cannot find a job. We are calling for a European Youth Guarantee as a way to tackle youth unemployment.



Campaign info

5.7 million young people are currently unemployed in Europe and an additional 1.5 million are forced into precarious jobs. In some countries as many as one young person out of two cannot find a job.

The campaign “Your future is my future – a European Youth Guarantee now” is calling for a European Youth Guarantee as a way to tackle youth unemployment.

Campaign Material

  • Toolkit (EN)
  • PES guide on youth guarantee (EN)
  • PES appeal for a European Youth Guarantee (EN), (FR)
  • PES report: Combating Youth Unemployment (EN), (FR), (ES)
  • Factsheet on Youth Unemployment among Women (EN)
  • Campaign flyer (EN), (FR), (DE), (ES), (NL), (PT), (HU)

Campaign Video

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