Bloomberg News

Europe May Fail to Set EU-Wide Transaction Tax, Schaeuble Says

October 17, 2011

Oct. 17 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble said he’s “not quite sure” that the European Union will agree to tax financial transactions across the EU.

“Pressure is increasing” to impose such a levy, and other regions will follow if Europe leads the way, Schaeuble said in remarks at Chatham House in London today. Global protests against the financial industry show that a transaction tax can foster “peace,” he said.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: Tony Czuczka at aczuczka@bloomberg.net


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