A German levy to tax all friendship

The Bundesbank's proposed one-off wealth tax for countries facing sovereign default will keep German voters happy, but it's no silver-bullet solution to Europe's debt problems.

For a long time, the Bundesbank, Germany’s central bank, has enjoyed a reputation as Europe’s eternal naysayer. Whatever measures were being discussed to save the euro or revive the European economy, the Bundesbank was usually opposed – and increasingly isolated. The Teutonic monetary orthodoxy with its strict adherence to price stability was not shared by many other central banks in Europe, let alone the rest of the world.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles