Schaeuble Says EU ‘Avoids Total Failure’ With Financial Tax Plan
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German Finance Minister Wolfgang Schaeuble said a fresh proposal for a 10-nation European financial transaction tax was a “small step” forward, though doubts remain that a deal can be reached.
Austrian Finance Minister Hans Joerg Schelling presented the proposal to the group on Thursday. Task forces will study the two “technical issues” that remain to be solved, and will report back in September, when “there will have to be a final decision,” he said.