Background: French budget minister says France and Germany have reached consensus on taxing banks' profits. But the proposal hasn't been popular, with major setbacks at the last G-20 meeting in June. Germany, France and the U.K. strongly backed the new bank tax. Full story >>
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Back to our discussions with Professor Patrick Chovanec from Tsinghua University.
1. Germany, France and the U.K. have all showed strong support for the bank tax. What are some of the economic factors behind the consensus?
2. The U.S. once gave a nod to the new tax, but ended up deleting it from its financial reform bill. Do you think the U.S. could catch up?
3. So how do you see the prospects of the new bank tax? Do you think it could be adopted by the world or at least by the Eurozone?