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| Europe |
| Pre-cursor to the appalingly harmful tobin tax? |
| 2011-08-17 |
| Germany said on Wednesday that it wants a financial transaction tax outlined by Chancellor Angela Merkel and French President Nicolas Sarkozy to apply to the whole European Union, not just the 17 euro zone states. With euro zone banks and exchanges worried about being put at a disadvantage to EU financial centres outside the currency zone, notably London, Merkel's spokesman made clear that the intention was to make the tax apply to all 27 EU members. If the tax is harmful then they shouldn't apply it ANYWHERE. Worst political class ever. Makes The Zero look proficient |
| Posted by:Bright Pebbles |