Well I thought it was obvious I was mistaken with my edit, but I'll apologize and if you really want me to take it down I will. I knew you weren't trolling when I put in the edit, but thought it best to leave the post as is.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
"To whit, Germanyâs ratification of the ESM is buried in legislature that includes, among other things, the proposal of a financial transaction tax, which is extremely popular with the Social Democrat Party (SPD), the main opposition party to Chancellor Angela Merkelâs Christian Democratic Union (CDU).
Thanks to recent elections, which saw Merkelâs CDU party get trounced (again, German voters are FED UP with bailouts), the SPD now controls 11 of Germanyâs 16 states.
This is a big deal because the SPD is playing hardball regarding the passage of the ESM legislation due to the fact that Merkel is not viewed to have been serious about implementing the transaction tax proposal (which the SPD is pushing for along with various other growth measures for the Germany economy)."
http://www.marketoracle.co.uk/Article35297.html#comment195209
Thanks to recent elections, which saw Merkelâs CDU party get trounced (again, German voters are FED UP with bailouts), the SPD now controls 11 of Germanyâs 16 states.
This is a big deal because the SPD is playing hardball regarding the passage of the ESM legislation due to the fact that Merkel is not viewed to have been serious about implementing the transaction tax proposal (which the SPD is pushing for along with various other growth measures for the Germany economy)."
http://www.marketoracle.co.uk/Article35297.html#comment195209
Quote from vicirek:
Forget the math. The foundation of capitalism is free flow of capital. FFT turns capital into budget. This is called socialism or in more extreme form communism. If you need information on socialism or communism economic achievements check the recent history of Russia.
your philosophical coffee shop talk will not help to feed anybody's stomach.
Italyâs Monti sets conditions to back transactions tax
Published on June 27, 2012 by DesiWireFeed · No Comments
BRUSSELS, June 27 (Reuters) â Italy will join a group of EU states seeking to introduce a tax on financial transactions only if measures are taken to deal with âfailuresâ in debt markets, Prime Minister Mario Monti said on Wednesday.
Earlier this week, Monti said he would press for joint action by European Union countries to help ease pressure on Italian bonds. EU leaders gather in Brussels for a summit meeting on Thursday and Friday.
On Wednesday, he signalled that Italyâs participation in a group of EU countries, led by Germany, that want to tax financial transactions hinged on establishing deeper cooperation in tackling the sovereign debt crisis.
The group may fall short of the required nine countries needed to pursue so-called enhanced cooperation for the tax if Italy drops out.
âIf there is enhanced cooperation bringing a financial transactions tax, then that should go hand in hand with other aspects of enhanced cooperation, deeper, reinforced financial policy cooperation,â he said at an event in Brussels.
âOur expectation and indeed our condition is that there should be enhanced cooperation on financial policies. I donât want to convince anybody to lower the spread of Italy ⦠we need enhanced mechanisms of governance.â
Monti warned EU leaders ahead of the summit that quick action was necessary. âIf public opinion sees bad signals are coming back from the markets, they may feel discouraged and political forces which want less European integration might prevail, which would be a disaster.â
Monti wants the European Financial Stability Facility and the European Stability Mechanism, the two funds set up to provide a âfirewallâ against the spreading debt crisis, to be used to lower runaway borrowing costs.
Reuters, 06/27/12 15:13
Published on June 27, 2012 by DesiWireFeed · No Comments
BRUSSELS, June 27 (Reuters) â Italy will join a group of EU states seeking to introduce a tax on financial transactions only if measures are taken to deal with âfailuresâ in debt markets, Prime Minister Mario Monti said on Wednesday.
Earlier this week, Monti said he would press for joint action by European Union countries to help ease pressure on Italian bonds. EU leaders gather in Brussels for a summit meeting on Thursday and Friday.
On Wednesday, he signalled that Italyâs participation in a group of EU countries, led by Germany, that want to tax financial transactions hinged on establishing deeper cooperation in tackling the sovereign debt crisis.
The group may fall short of the required nine countries needed to pursue so-called enhanced cooperation for the tax if Italy drops out.
âIf there is enhanced cooperation bringing a financial transactions tax, then that should go hand in hand with other aspects of enhanced cooperation, deeper, reinforced financial policy cooperation,â he said at an event in Brussels.
âOur expectation and indeed our condition is that there should be enhanced cooperation on financial policies. I donât want to convince anybody to lower the spread of Italy ⦠we need enhanced mechanisms of governance.â
Monti warned EU leaders ahead of the summit that quick action was necessary. âIf public opinion sees bad signals are coming back from the markets, they may feel discouraged and political forces which want less European integration might prevail, which would be a disaster.â
Monti wants the European Financial Stability Facility and the European Stability Mechanism, the two funds set up to provide a âfirewallâ against the spreading debt crisis, to be used to lower runaway borrowing costs.
Reuters, 06/27/12 15:13
Quote from itatrader:
Italyâs Monti sets conditions to back transactions tax
Published on June 27, 2012 by DesiWireFeed · No Comments
BRUSSELS, June 27 (Reuters) â Italy will join a group of EU states seeking to introduce a tax on financial transactions only if measures are taken to deal with âfailuresâ in debt markets, Prime Minister Mario Monti said on Wednesday.
Earlier this week, Monti said he would press for joint action by European Union countries to help ease pressure on Italian bonds. EU leaders gather in Brussels for a summit meeting on Thursday and Friday.
On Wednesday, he signalled that Italyâs participation in a group of EU countries, led by Germany, that want to tax financial transactions hinged on establishing deeper cooperation in tackling the sovereign debt crisis.
The group may fall short of the required nine countries needed to pursue so-called enhanced cooperation for the tax if Italy drops out.
âIf there is enhanced cooperation bringing a financial transactions tax, then that should go hand in hand with other aspects of enhanced cooperation, deeper, reinforced financial policy cooperation,â he said at an event in Brussels.
âOur expectation and indeed our condition is that there should be enhanced cooperation on financial policies. I donât want to convince anybody to lower the spread of Italy ⦠we need enhanced mechanisms of governance.â
Monti warned EU leaders ahead of the summit that quick action was necessary. âIf public opinion sees bad signals are coming back from the markets, they may feel discouraged and political forces which want less European integration might prevail, which would be a disaster.â
Monti wants the European Financial Stability Facility and the European Stability Mechanism, the two funds set up to provide a âfirewallâ against the spreading debt crisis, to be used to lower runaway borrowing costs.
Reuters, 06/27/12 15:13
Sounds like using enhanced cooperation is on pretty shaky ground here. I'm sure other countries also have conditions in order to back the ftt.
It will be very interesting to see what happens at the summit on Thursday and Friday.
-Guru
Quote from listedguru:
Sounds like using enhanced cooperation is on pretty shaky ground here. I'm sure other countries also have conditions in order to back the ftt.
It will be very interesting to see what happens at the summit on Thursday and Friday.
-Guru
In the short run I expect everyone to hold hands, sing Kumbaya and put on a good show for the public.
Beneath the surface it's much more interesting because every country has veto power. If any country (e.g., Italy) doesn't get what they want they can walk away and the group no longer has 9 members for enhanced cooperation. As you said, they're on shaky ground.
When the lawyers get down to brass tacks and countries see how the FTT is going to effect them, that's when the real negotiating begins and the wheels could come off the train. All it takes is one to walk away from the table. That could happen several months from now but I don't see it happening in the next few weeks.