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Details of EU transaction tax ready by year end -Fekter

LUXEMBOURG, Oct 9 (Reuters) - The 11 euro zone countriesthat agreed to push ahead with a tax on their financialtransactions will present a model for how this could work by theend of the year, Austrian Finance Minister Maria Fekter said onTuesday.

After heavy diplomatic pressure from Berlin overnight, Spainand Italy agreed at a meeting of EU finance ministers inLuxembourg on Tuesday they would support the measure. Slovakiaand Estonia said they would throw their weight behind it too.

"We have really only created the on-ramp to the highway, westill have to go a long way to agree on a model, on how itshould be formulated in detail, which products," Fekter toldjournalists after the meeting. "This should be worked out byChristmas."

Implementation by 2014 was realistic, she added. "A one year time frame for implementation is not too short."(Reporting By Eva Kuehnen)

((eva.kuehnen@thomsonreuters.com)(49 69 75651244)(ReutersMessaging: eva.kuehnen.thomsonreuters.com@reuters.net))

Keywords: EU TAX/AUSTRIA