Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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To ask the Minister for Finance if he raised the issue of the Financial Transaction Tax in Europe at the meeting with the European Commission in Brussels on 3 October; and if he indicated this as a priority for the forthcoming EU presidency; and if he will make a statement on the matter. [43087/12]

Michael Noonan (Limerick City, Fine Gael)
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On 3 October I met Commissioner Máire Geoghegan-Quinn. The discussion was primarily on the negotiations for the next Multi-Annual Financial Framework, which is the EU Budget cycle for 2014-2020. Therefore I did not directly raise the issue of the Financial Transaction Tax. However, as part of the discussion at the bilateral meeting, the Commissioner’s Chef de Cabinet mentioned that the new Financial Transaction Tax was being considered for use as an own resource, that is a revenue stream for the EU.