11 European countries supported a tax on financial transactions (FTT)

One of the main purposes of the introduction of such a tax is a possibility of replenishment of the budget of the European Union. France and Austria also suggest using some of the revenues for the development Fund of efforts to combat youth unemployment

Some bankers that will be affected by the introduction of this tax fear relocation of financial activity, in particular, to London and to New York, and require that a tax will be implemented on a global level, which will allow avoiding distortion of competition. However, Šemeta completely deny such a possibility, substantiating this by the scale and complexity of the European market.