The EU’s financial transaction tax: shaping global financial governance in its own image?

The European Union as a Global Actor: The Case of the Financial Transaction Tax

“…Existing published analysis that specifically discusses the potential FTT, within the context of assessing the EU’s global influence, comes from one and the same author – Bart Van Vooren 1 4 His position on the subject is an overtly normative one: he strongly supports promotion by the EU of an FTT at the global level, expecting the EU to confirm its role as a benign ‘stabilizer’ of the world in accordance with its own legal, as well as moral, obligations.…”

“…Existing published analysis that specifically discusses the potential FTT, within the context of assessing the EU’s global influence, comes from one and the same author – Bart Van Vooren 1 4 His position on the subject is an overtly normative one: he strongly supports promotion by the EU of an FTT at the global level, expecting the EU to confirm its role as a benign ‘stabilizer’ of the world in accordance with its own legal, as well as moral, obligations. In many other articles relevant to the wider ‘EU and FTT’ topic, concurring with Van Vooren’s stance, the idea of an international financial transaction tax is defended from a normative point of view – as an instrument for increasing the stability and fairness of the international financial system 5 .…”