France, Germany Still Think Their Transaction Tax Idea Is A Good One

Author:
Updated:
Original:

Angela Merkel and François Hollande would like to know why no one else does.

Paris and Berlin have led efforts to set up the tax from the start, but it has struggled to get off the ground with only 11 European countries signed up for it and divisions over what products it should cover.

"On derivatives, we have the same approach," Hollande told a joint news conference with German Chancellor Angela Merkel in Paris, without elaborating.

Speaking at a news conference in Paris with French President Francois Hollande, Merkel said progress on the financial tax before the European parliamentary elections in late May "would be an important signal".

France, Derivatives see eye-to-eye on taxing derivatives - Hollande [Reuters]
Merkel: Progress on financial transactions tax by May important [Reuters]

Related

Germany Was For Debt Relief Before It Was Against It

Germany's biggest rhetorical weakness remains its own recent history.

Greek Prime Minister Alexis Tsipras Isn't Going To Literally Say "Angela Merkel And Her Cohorts Are Trying To Blackmail Me"

He's still going to throw the word "blackmail" down *and* lay it on thick about how the founding fathers of the EU would be extremely disappointed about the current situation.

By Lorie Shaull (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Hillary’s Financial Transaction Tax Is Clintonian Work Of Art

Flash boys are in the cross hairs, banks not so much.

Germany Poised To Criminalize Already Illegal Thing

Nobody steals from Angela Merkel and gets away with it.

Germany Looks At Its Banks

For all their saber-rattling and bold talk about a final solution to the problem of global financial risk, the Germans haven't done a hell of lot to rein in their banks. There is, for instance, no Großdeutschesvolckerregierung. At least, not yet.