THE EUROPEAN UNION TRANSACTION FINANCE TAX PACKAGE PARLIAMENTARY AND LEGISLATIVE APPROVAL HAS BEEN CONCLUDED BY BOTH THE EUROPEAN UNION PARLIAMENT AND THE GERMAN PARLIAMENT, THE BUNDESTAG.
The European Union Transaction Finance Tax Package intended to ease the finance of the European Union financial packages which included the Financial Rescue Package for the economically weaker member nations within the Euro-zone has gained the support of twenty five European Union member countries with the Parliamentary and the legislative approval of both the European Union Parliament and the German Parliament, the Bundestag. However, the European Union Transaction Finance Tax Package that has been acknowledged as a genius plan that can generate the estimated sum of over fifty billion euros ($50,000,000,000.00 euros) annually in domestic and international transaction within the Euro-zone at the minimal rates that ranges from a fraction of euro to over two euros for both the domestic and the foreign transactions will not include Britain and Sweden, due to their governments refusal to approve the European Union Transaction Finance Package for reasons that may be the debt and the budget deficit current problems, or financial difficulties.
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