Seriously. These guys have been fluffing around for so long that the entire financial system is in a panic. So they decide its a good time to announce they are going to start taxing financial transactions – but they haven’t decided the level yet or the full scope yet.
Is Europe’s motto, during times of uncertainty add more uncertainty? This is ridiculous.
If we have another financial crisis here, the blame mainly falls on the politicial systems in Europe (and to a lesser extent the US). When everything I try to say to people regarding the outlook for the economy is conditional on politicians being sane, its hard to really believe that what I’m saying is damned right.