Saturday, September 17, 2011

Germany plans a unilateral eurozone financial transactions tax!

German state broadcaster, Deutsche Welle, has the above startling announcement, surely designed to finally eventually destroy the last remaining prospects for ever returning to prosperity within the euro zone nations or a say in world trade for Europe! Read the full details from here. A quote:

"We plan on setting up a financial transaction tax this fall, if need be only in the eurozone," German Finance Minister Wolfgang Schäuble told the newspaper Bild am Sonntag.

A unilateral financial transactions tax for the eurozone will drive most financial institutions beyond the eurozone's borders. Such a proposal coming from the Finance Minister of the most powerful manufacturing economy within the EU, must surely indicate Germany has opted to proceed without Britain, as suggested earlier by former SPD leader Gerhard Schroeder, as I reported here, and more importantly here!



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