GERMANY: Supporters of the anti-globalisation network Attac demand the introduction of a financial transaction tax in Europe

Record ID: 862641

  • Title: GERMANY: Supporters of the anti-globalisation network Attac demand the introduction of a financial transaction tax in Europe
  • Date: 18th June 2012
  • Summary: FRANKFURT, GERMANY (JUNE 17, 2012) (REUTERS) VARIOUS OF ATTAC PROTESTERS BUILDING WALL OF SANDBAGS OUTSIDE FRANKFURT STOCK EXCHANGE, A SYMBOLIC DAM AGAINST FINANCIAL SPECULATION POSTER READING "FINANCIAL TRANSACTION TAX NOW!" VARIOUS OF PROTESTERS STACKING SANDBAGS PLACARD READING "DAM WORKERS - STOP SPECULATION!" WIDE OF SANDBAG WALL OUTSIDE STOCK EXCHANGE (SOUNDBITE) (German) "ATTAC" PROTESTER ON MEGAPHONE, BORIS LOHEIDE, SAYING: "We are here to build a dam against speculation and for a financial transaction tax in Europe." VARIOUS OF PROTESTERS STACKING SANDBAGS SANDBAG WALL OUTSIDE STOCK EXCHANGE (SOUNDBITE) (German) "CAMPACT" (CAMPAIGN & ACTION) MANAGER, CHRISTOPH BAUTZ, SAYING: "The financial crisis over the past few years has shown that the deregulation of financial markets had catastrophic consequences. We got ourselves into the largest economic crisis of the last decades. We demand that consequences finally be drawn. There must be a stronger regulation fo financial markets. A first such step is the financial transaction tax which slows down at least the short-term speculation on financial markets." MOCK BUSINESSMEN IN DARK SUITS EXCHANGING ATTACHÉ CASES WITH LARGE SUMS OF "MONEY' MOCK BANKERS THROWING WITH MONEY BANNER READING "CONFINE SPECULATION" WIDE OF PROTEST
  • Embargoed: 3rd July 2012 13:00
  • Keywords:
  • Location: Germany
  • City:
  • Country: Germany
  • Topics: Economy
  • Reuters ID: LVAAJXP27E9UIU76XVXA34F4IO20
  • Aspect Ratio:
  • Story Text: Europe needs a financial transaction tax and stronger regulation fo financial markets, supporters of the anti-globalisation network Attac demanded outside Frankfurt stock exchange on Sunday (June 17).
    The activists had set up a wall of sandbags to symbolise "a dam against speculation and for a financial transaction tax in Europe," as one protester told bystanders via megaphone.
    Christoph Bautz, manager of the "Campact" organisation which takes its name from 'campaign and action,' said "the financial crisis over the past few years has shown that the deregulation of financial markets had catastrophic consequences."
    "We got ourselves into the largest economic crisis of the last decades. We demand that consequences finally be drawn. There must be a stronger regulation fo financial markets. A first such step is the financial transaction tax which slows down at least the short-term speculation on financial markets," said Bautz.
    On Monday, German Chancellor Angela Merkel had said she would campaign for a financial transaction tax, addressing concerns among the centre-left opposition that her government was only using the issue as a way to get euro crisis legislation through parliament.
    The centre-left Social Democrats (SPD) have linked progress on the tax as well as growth-boosting measures to their approval for the fiscal pact and for the euro bailout fund, the European Stability Mechanism (ESM).
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2012. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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