German Socialists and Greens have forced a new Financial Transactions Tax into the EU Treaty


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Submitted by jest on Sun, 06/10/2012 - 9:12pm

http://www.dw.de/dw/article/0,,16006964,...

Germany's opposition Social Democrat and Green parties have made the introduction of a financial market tax a condition of their approval of the EU fiscal pact in the German parliament.

The agreement with the opposition means that the fiscal pact could now get the two-thirds majority it needs in both houses of the German parliament.
But while Chancellor Angela Merkel has been backing a financial market tax for some time, her junior coalition partner, the pro-business Free Democratic Party, has until now vehemently rejected it.