Any move to reduce the scope of the tax would lower the revenues it generates for Europe's cash-strapped governments.

WSJ: EU Likely to Weaken Proposed Transaction Tax

You wait, you watch, you scope out plans of attack and avenues of escape, you make your move slowly or quickly, you wait again.

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Mack states that the power and scope of the TVT registry actually makes it easier for ACC and STS to move forward than Edwards.

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