Finance: Scuppered

Scuppered –
26 March 2012 – Süddeutsche Zeitung (Munich)

On boat – Financial transactions tax

Facing resistance to a tax on financial transactions both from within her ruling coalition and from her EU partners – particularly the UK and Sweden – German Chancellor Angela Merkel and finance minister Wolfgang Schäuble are proposing a watered down "stock market tax". The European Commission, however, doubt its effectiveness.