HIGHLIGHTS-EU finance ministers to discuss transactions tax
LUXEMBOURG, Oct 9 (Reuters) - - European Union finance ministers meet in Luxembourg on Tuesday to discuss issues including plans for a financial transactions tax among a core group of countries and progress towards setting up a single banking supervisor for the region.
Following are comments from ministers and other officials ahead of the talks:
DUTCH FINANCE MINISTER JAN KEES DE JAGER
"The Netherlands is not in favour of a financial transactions tax. We are even reluctant about introduction in other countries."
On banking union:
"We should do it step by step with proved, effective supervision, so not fixed on the calendar, but fixed on the substance."
AUSTRIAN FINANCE MINISTER MARIA FEKTER On financial transactions tax:
"We will have a discussion and we will try to convince others, because I think this is a stabilising measure and it would create funds for joined European safety nets, such as for example the deposit insurance scheme or the resolution of banks to reduce debt. I don't want to ask the Austrian tax payer for money for that, nobody in Austria would understand if we had to secure the deposits of the Cypriots. There should be a new source (of funds) and this could be a good argument."
(Reporting by Leigh Thomas, Annika Breidthardt, Eva Kuehnen and Robin Emmott in Luxembourg)
Keywords: EUROZONE EUROGROUP/