Sep 16 2011
If there is one topic which shows off German finance minister Wolfgang Schäuble’s limitations, it is his idea of a financial transactions tax. He thinks it will change market behavior and inhibit speculation. Heh-heh, think again.
It is also the one issue which gets me worked up about this mediocre minister of finance the most (of many issues).
Can’t you take a hint, Mr. Schäuble? When no-one outside western Europe thinks it’s an idea worth pursuing, why do you continue to hang on to the silly tax? Forget it.
Europe desperately needs a proper German minister of finance. Come on Frau Merkel – do what you have to do.