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Email On 3 December 2015 the Luxembourg President of the Council of the European Union released a “state of play” announcement on the progress made during the course of this year by the ten European Union participating member states (Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain) towards the introduction of the European financial transaction tax (the “FTT”). https://www.cadwalader.com/resources/clients-friends-memos/the-state-of-play-of-the-european-financial-transaction-tax-european-council-meeting-8-december-2015