Discussion of the EU budget brings strife between supposed net contributors and beneficiaries. Yet the picture is more complex and Europe-wide taxation offers a way out.
At a conference in Berlin on 29 June, the German Finance Minister, Wolfgang Schäuble, when asked about the situation of Deutsche Bank, said he was more concerned with the situation in Portugal. He added that if Portugal does not comply with EU budget rules, a new rescue program will be needed. It is not the […]