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Sep 16 2011

Yesterday’s man

Published by at 10:34 pm under Europe,More News,Opinion

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.

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