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How can FDP cave in - and be blamed for decades - for helping pass the Socialist Tax (FTT) that probably will be the stick to break Europe's free-market back? I think they need to stand by their convictions and vote no, even if they are forced out of government. A new CDU coalition with left or...

Thanks Rantany for the German to English translations, we need it. Seems like FDP's Rosler countered Merkel with his UK stamp duty proposal, trying to coordinate with the UK and keep a new tax proposal EU-wide. This posturing gives Rosler cover for a firm "no" on FTT. Now Merkel will need to...

Agree Tom, we need to fight off stamp duty right away, and we don't have the luxury of time to play it cute with killing off FTT first. It also has many heads too.

I've been expecting some leaders in the EU to try and break the deadlock with the UK by suggesting adoption of the British stamp duty tax model throughout the EU, rather than FTT, which has hit a wall. But, I dared not mention it, as I didn’t want to advance the idea. This can go different...

Thanks Rantany, for all the news from Germany, it's very important. If Merkel's CDU felt they could walk over or around their junior-coalition partner FDP, then why would they berate them with the 2%-only talk etc? Merkel has said at times that she will respect her coalition partners, and at...

http://www.weeklystandard.com/blogs/german-euro-deputy-sp-downgrade-part-american-war-against-euro_617109.html An example of how some German leaders view the US-based rating agencies cooperating with financial services companies to sell-short the euro and EU interests. Funny, some of us...

Merkel's party expects FDP to relent on transaction tax - Finance News - London South East http://www.lse.co.uk/FinanceNews.asp?ArticleCode=oepa182p2jsni3b&ArticleHeadline=Merkels_party_expects_FDP_to_relent_on_transaction_tax Full-court press against FDP to concede FTT. Calling them an...

‘Tobin tax’ would cause radical remodelling of UK fund industry http://www.investmentweek.co.uk/investment-week/news/2137496/-tobin-tax-cause-radical-remodelling-uk-fund-industry - see you have this link above too, thanks. I've been reading articles on how money market funds can't...

Nothing focuses government officials like their tax base moving to flea their policies. Jobs disappear and the voting public blames them. The flip side is tax breaks that political officials hand out to attract business. FTT is being debated endlessly, so it's time to hammer home anti-FTT...

Thanks Tortoise. Besides being very active on the FTT thread, I've been commenting in WSJ and FT on every NYSE Deutsche bourse merger article. I've said it's crazy for NYSE to merge with the German exchange as Germany is hostile to banking, finance and exchanges. Germany will try to use...

Ratings Cut Deals Blow to Sarkozy - WSJ.com http://online.wsj.com/article/SB10001424052970204409004577159132175102196.html My Comment on WSJ: Sarkozy must withdraw his Financial-Transaction Tax proposal, as it was a contributing reason to S&P's ratings cut on France._ It's really a...

On bike at club, just watched S&P person explain EU country downgrades on CNBC now. Read between the lines and it seems that FTT talk probably contributed to downgrades. For sure FTT continued talk and passage will cause more downgrades, causing even more harm. S&P said they won't raise...

Follow up on why a European PM, FM and others in government may be opposite on FTT. It's probably because they are generally in different political parties, with one being center-right, and the other being a socialist or left. Plus, the center-right may need help in upcoming elections from...

European Financial-Transaction Tax: ‘Loch Ness Monster’ Likely Disappearing Again: WSJ http://blogs.wsj.com/economics/2012/01/11/european-financial-transaction-tax-loch-ness-monster-likely-disappearing-again/ Think I noticed this link on the thread earlier, it’s a good article. I just...

You dig out the best stuff on FTT, thanks Rantany. If FTT ever is passed in 9+ euro zone countries, or the euro zone - probably not just France - it will surely be designed to explode in London, especially if France and Germany have signed on as part of the reckless 9 (it won't happen...

Great idea Tortoise and like your line of reasoning. The pro-FTT people keep saying that financial transactions have skirted the tax man and they should be taxed like VAT or sales taxes. Why tax milk but not stocks etc. So good to tackle this clearly and take away this argument. Keep pressing...

FTT gathered steam and the threat grew under the recent EU presidency held by France with Sarkozy. Hopefully the Danes can be in charge as it's put out to pasture. Okay, I'll cool the posts for a while, too many, sorry. Things are a little hectic on our FTT front at the moment.

The EU in Brussels wants to keep FTT on the table as the first EU-wide fiscal-union tax, to show future revenues and glue for their crumbling union - to keep it together. They do probably need an EU tax, but no country wants to raise income taxes more. So FTT is their pipe dream for another...

Ex-UK-PM Gordon Brown first talked up FTT for the G-20, as he was desperately behind the Tory Cameron in the polls. Cameron had to accept the one-time banker-bonus tax to allay the pitchfork-bank bashers. Yes, I have said all along what Tom indicates above, that Sarkozy and Merkel had to...

Stop the Socialist Tax which will feed the socialists agenda. That should be our new rally cry.