Rome

Italy has not decided on use for Tobin tax funds, Monti says

Monti says Merkel's EU solidarity fund idea is "interesting"

Italy has not decided on use for Tobin tax funds, Monti says

Rome, October 19 - The Italian government has not yet made any specific decision on how it plans to use funds raised by the Tobin tax, Italian Premier Mario Monti said on Friday in Brussels. Monti was commenting on a recent request made by German Chancellor Angela Merkel for Tobin Tax funds to be transferred into a European solidarity fund. "Chancellor Merkel's suggestion is an interesting one", Monti said at a press conference. "The Italian government has not yet deliberated specific uses for the resources raised by the Tobin Tax", Monti said. "I believe future Italian governments will be sensitive to decisions that are made at a European Union level", he added. The meeting with journalists took place after the Italian leader participated at a European Union summit.

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