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Perhaps fearing the haphazard implementation of a potentially destabilizing bank levy, the ECB...

Perhaps fearing the haphazard implementation of a potentially destabilizing bank levy, the ECB offers to assist in retooling the EU's financial transactions tax. An ECB executive board member tells FT the central bank is "willing to engage constructively with governments and the European Commission" to safeguard financial stability as the tax on bond, shares, and derivatives trading is enacted. Critically, officials may seek to exempt the repo market from the tax, something Bundesbank Chief Jens Weidmann says is critical to ensuring the proper functioning of financial markets.
Comments (1)
  • sethmcs
    , contributor
    Comments (3351) | Send Message
     
    What?! Create more loopholes in light of the Apple tax avoidance story? That is sure to upset Germany and France who want a bigger piggy bank to raid.
    26 May 2013, 11:37 PM Reply Like
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