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Not good.. http://www.net-tribune.de/nt/node/92983/news/Deutsche-Bank-Chefvolkswirt-rechnet-mit-Finanztransaktionssteuer Google translation They should had lobby better

I guess S&P is already aware of it, it was all over in the news ;)

Commission wants adoption of Tobin Tax at EU level

http://www.net-tribune.de/nt/node/92715/news/Linke-bietet-Merkel-Stimmen-fuer-Finanztransaktionssteuer-an :( Google translation:

That's the reason why she was screaming so hard. She knew, that if she couldn't persuade all other EU countries, she also would fail because of the resistance from her coalition partner.

How stupid could they be, they lack any relevant knowledge about the subject. This is not about EU-wide anymore, but Eurozone: Euro parliament firmly in favour of Eurozone financial transaction tax I'm so glad that the final decision will be made by national governments (not that their...

http://www.loansafe.org/merkel-and-sarkozy-close-ranks-fiscal-pact-talks-advanced-eds As i already suspected, Philip Rösler (FDP) must also agree with an EZ-FTT, otherwise there will be most likely no FTT in Germany at all. I hope he is strong enough to resist the tremendous pressure from...

What a coward. He has the CPB-report which advises against. His party is against, his coalition party is against, even his opposition partner is against. He doesn't have to discuss this in parliament at all. Unfortunately, for issues about Europe, Rutte needs the support from the Labour party...

French press criticizes the Tobin tax, "bluff" and doomed to "failure" http://www.liberation.fr/depeches/01012382177-la-presse-critique-la-taxe-tobin-bluff-ou-vouee-a-l-echec (french)

That's probably her second worst nightmare. Her worst nightmare when all fails if going alone, is without doubt the sight of *Cameron* and Osborne ROFLOLling together while repeatedly sneering: "Told you so :P" ;)

I think Sarko has manoeuvred himself in a bad situation. If he persists in introducing the FTT unilaterally, he has all the other EU countries against him. If he gives up this plan, it would be seen by the French voters as another defeat against Germany (Merkel) or EU.

I think that's indeed the reason. That's why all (other) countries even after the last (Dec) EU summit still emphasize the importance of acting EU27-wide (instead of beginning to make preparations to go without UK, as some had stated they would do), and i think that's also why, after all what...

Finland's Finance Minister Urpilainen supports financial transaction tax The question still remains: Will there be sufficient support for an EZ or EZ+ (then maybe without Malta, Ireland) FTT? Will Germany support this or not? German Minister of Finance Schäuble says last week he would, but...

I'm not sure about Belgium, Austria, (and maybe Greece), but that would be great. Never underestimate the power of unwilling little, but persistent countries. I think Merkel did ;)

Actually, i think she already did the math some time ago (she couldn't be that ignorant). Also ECOFIN last month gave a good initial impression of the positions of the member states. I think that since then, she (and Semeta, Barnier, etc.) has put maximum pressure on the countries which are...

Sarkozy is spreading FUD Google translation: Mr. Sarkozy, if you really want unity in the EU, then drop that idiot and ineffective FTT.

Maybe she still can't persuade Philipp Rösler, the Vice Chancellor of Germany? (See my former post about this): http://www.elitetrader.com/vb/showthread.php?s=&postid=3403655#post3403655

Monti says Italy backs Tobin tax but urges unity Finanztransaktionssteuer: Berlin will EU-weite Einigung Hopefully that, despite stupid Sarkozy, and all those arrogant shouting of the last months, they in the end are still too afraid to go alone.

Sarkozy's opponent, Hollande, might be even worse. As a socialist, he is a tremendous proponent of the FTT. Too bad it couldn't be DSK anymore.

The German government is a coalition between CDU (Merkel) and FDP (pro business). The chairman of the FDP, Philipp Rösler, is also the German Federal Minister of Economics and Technology, and the Vice Chancellor of Germany. Rösler has always been against an EZ-FTT (without UK), and apparently...