Daily Mail: Reports that UK Coalition PM David Cameron has stated he will use his veto again to stop a Euro transaction tax. This shows leadership by PM David Cameron, the latest call by the French President is way to gain votes in his re-election bid, even the German Chancellor has admitted she does not have support for the move in the German Parliament. This kind of tax in itself is not bad, but it has to be GLOBAL, all the major financial countries have to part, otherwise in this 21st Century global system the bankers or financial institutions will just move, the present over regulation of the EU has not stopped the present mess, in fact the biggest breakers of rules are the Germans and the French, they can take a hike if they want to tax London to pay for their mistakes.
Monday, January 09, 2012
No Transaction Tax - Cameron
Daily Mail: Reports that UK Coalition PM David Cameron has stated he will use his veto again to stop a Euro transaction tax. This shows leadership by PM David Cameron, the latest call by the French President is way to gain votes in his re-election bid, even the German Chancellor has admitted she does not have support for the move in the German Parliament. This kind of tax in itself is not bad, but it has to be GLOBAL, all the major financial countries have to part, otherwise in this 21st Century global system the bankers or financial institutions will just move, the present over regulation of the EU has not stopped the present mess, in fact the biggest breakers of rules are the Germans and the French, they can take a hike if they want to tax London to pay for their mistakes.
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