Merkel SPD Rivals Vow Transaction Tax Push in a Grand Coalition
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Delayed plans for a financial transaction tax in 11 European states would get a fresh push if Chancellor Angela Merkel enters a coalition with the Social Democrats after Sept. 22 German elections, top SPD members said.
The SPD will make the tax -- known as FTT -- a “high priority” if a so-called grand coalition emerges, with the intention of breaking a deadlock caused by squabbling over its scope, said Joachim Poss, the party’s parliamentary finance spokesman, in a Sept. 13 telephone interview. “It’s a project of central importance.”