Cameron's 17th June treachery gets ever clearer

"At its meeting on 17 June, the European Council agreed that the member states should introduce systems of levies and taxes on financial institutions in order to ensure fair burden-sharing and to set incentives to contain systemic risk. It asked the Council and the Commission to take work forward and to report back in October....." "In June, the European Council agreed that the member states should introduce systems of levies and taxes on financial institutions; it asked the Council and the Commission to take work forward and to report back in October." Both quotes are from next Tuesday's Ecofin agenda which has yet to include the setting up of EU financial regulation as agreed yesterday by George Osborne's representatives (more detail here)and discussed in our post below. The document from the EU with these quotes is linked here in pdf format.