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From: Les H6/30/2012 10:34:20 AM
2 Recommendations  Read Replies (1) of 29607
 
Germany’s ESM Role, EU Fiscal Pact Challenged in Court
By Annette Weisbach and Karin Matussek on June 30, 2012

businessweek.com

Germany Wants Transaction Tax Tied to ESM Bank Aid, Focus Says
By Annette Weisbach - Jun 30, 2012 8:57 AM ET

Germany wants to tie aid for banks from the European Stability Mechanism to a financial transaction tax that would be used to fund the permanent rescue facility, reducing the risk for German taxpayers, Focus reported, without saying how it obtained the information.

Only banks in countries that apply the tax would qualify for direct aid, according to the report.

bloomberg.com

Euro 'breakthrough' is tenuous

money.cnn.com
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