FINANCIAL TIMES: Wolfgang Schäuble, Germany’s finance minister, wants the European Union to take the global lead in introducing a financial transaction tax to curb speculative trading, along with tougher regulation of big banks and the “shadow” banking sector, such as hedge funds.
If the UK blocked agreement on such a tax in the full EU, he said in an interview with the Financial Times, the eurozone should press ahead on its own.
He also called for big steps towards a “fiscal union” in the 17-member monetary union to underpin the stability of their common currency… (more)
