We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Not so merry go round

12 January 2011 By Peter Thal Larsen

Brussels has floated the notion of a oneoff 50 bln euro tax on lenders to help pay for sovereign bailouts. But whacking banks so that governments can continue to prop them up makes little sense. Worse still, the scheme could reinforce the moral hazard the EU wants to end.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)