–Schaeuble Says Chances For Fin Transaction Tax ‘Very Low': Source
–Broad Support For ESM Bill From Merkel’s CDU/CSU Bloc: Source
BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble sees
little chance for the introduction of a financial transaction tax in
Europe and is therefore considering regulations on high frequency
trading, a source said Tuesday.
At a meeting of Chancellor Angela Merkel’s CDU/CSU parliamentary
group, Schaeuble had said the chances for introducing a financial
transaction tax in the whole European Union are “very low,” said the
source who attended the meeting.
Yet, the chances for introducing the tax only on the Eurozone level
are even lower because many countries believe that it would only make
sense on the EU level, the minister said, according to the source.
Schaeuble said it was therefore necessary to consider alternative
measures like regulating high frequency trades, the source said.
In other remarks, the source said that the government’s bill to
ratify the European Stabilisation Mechanism (ESM), the Eurozone’s
permanent rescue fund, received a broad support at today’s parliamentary
group meeting.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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