PARIS, Feb 19 (Reuters) - France and Germany agree in principle that a planned pan-European tax on financial transactions should cover all derivatives products, a source close to French Finance Minister Pierre Moscovici said on Wednesday.
“France and Germany agreed on the principle of a financial transactions tax covering all derivatives,” said the source.
The source was speaking after Moscovici met his German counterpart Wolfgang Schaeuble as part of a joint Franco-German cabinet session in Paris, a regular event between the two EU founding members.
EU sources said France had resisted enlarging the scope of the tax to cover derivatives, a revenue-earner for its banks. (Reporting by Jean-Baptiste Vey; Writing by Mark John)