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A group of German policy advisors want to see the introduction of a tax system to make wealthy citizens of debt-ridden countries contribute to financing future bailouts.
The group, known as the “Five Wise Men”, are recommending to German Chancellor Angela Merkel that “better-off households” should help contribute, perhaps through the form of a property tax, writes the broadsheet.
“The German suggestion is the latest sign that Berlin is intent on imposing even tougher rules on weaker southern euro members in exchange for using its economic might to support their finances," adds the newspaper.
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