Like the UK campaign, Zerozerocinque is supported by a growing group of international development, green and faith organisations plus trade unions and media outlets. 130 Italian economists have signed up in support of a financial transaction tax.
The campaign also supports a FTT to raise money to help the poorest at home and abroad, and tackle climate change. The campaign is working towards a global FTT but supports one at a European level.
The Italian Government described FTT as a noble idea but not possible unless implemented globally. Yet in 2012, Italy signed up to a method of 'Enhanced Cooperation' with various other EU countries. In 2013, Italy introduced its own FTT.