Friday, 14 December 2012

Euro budget on hold


Eurozone could agree Banking supervision but not the financial integration to secure the Euro

http://www.ft.com/cms/s/0/903b5dec-4593-11e2-8ccc-00144feabdc0.html#axzz2F1XPCczL


The initial thinking behind the Eurozone budget is that it would small scale 10 - 15 bn Euros and interestingly it could be funded by the financial transaction tax, which where we come in.  Although  the  UK is not in  Eurozone most of the revenues raised by this tax will be raised in the UK!

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