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02 March 2011

Germany and Austria push financial transaction tax


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Angela Merkel sagte nach einem Treffen mit ihren österreichischen Amtskollegen am Mittwoch, dass sie die ‚Finanztransaktionssteuer gern von allen Mitgliedsstaaten der Eurogruppe akzeptiert sehen wolle'.


Germany and Austria are pushing for their partners in the 17-nation eurozone to accept a tax on financial transactions alongside efforts to stabilize the common currency.

Austria's Werner Faymann conceded that it's going to be difficult convincing others, but said the tax is "morally right" and a "question of fairness" in the wake of taxpayer support for the financial sector during the economic crisis.

European Union leaders meet later this month to decide on eurozone reforms.






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