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On the occasion of the Deloitte/Thompson Reuters Horizon conference in Luxembourg, Minister of Finance Luc Frieden pleaded for clearer language regarding the Financial Transaction Tax and the so-called European banking union. The world where countries only targeted their national markets belongs to the past. The future is for models such as the Luxembourg one, where cross-border thinking becomes more important, Frieden said. Therefore, we need to make sure within Europe that the single market is fully compliant in all circumstances. The single market is a chance for Europe and a chance for Luxembourg.
Luc Frieden sees a risk that the single market will be questioned. The Financial Transaction Tax (FTT) and the...
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