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In line with the G-20, the European Union has set three justifiable objectives for regulating the European financial markets: strengthen transparency, increase stability and ensure that
the financial sector shares in the costs of the crisis. As a provider of reliable and highly regulated market infrastructures, Deutsche Börse Group strongly supports the pursuit of transparency and stability in the financial system.
In suggesting a financial transaction tax (FTT), the EuropeanCommission is adding its support for these objectives. It is, however, questionable whether the objectives can be achieved with such a tax.