{"id":17898,"date":"2012-03-30T06:03:42","date_gmt":"2012-03-30T04:03:42","guid":{"rendered":"https:\/\/uniavisen.dk\/?p=17898\/"},"modified":"2017-01-21T01:47:42","modified_gmt":"2017-01-21T01:47:42","slug":"no-free-gifts-for-south-europe-at-cph-eu-debate","status":"publish","type":"post","link":"https:\/\/uniavisen.dk\/en\/no-free-gifts-for-south-europe-at-cph-eu-debate\/","title":{"rendered":"No free gifts for south Europe at Cph EU debate"},"content":{"rendered":"

Europe needs a financial transaction fee or ‘Tobin tax’ to prevent another crisis. This is the short version of what Wolfgang Sch\u00e4uble had to say when he met up with Margrethe Vestager, in a University of Copenhagen (UCPH) event yesterday, Thursday.<\/p>\n

With a crucial gathering of European ministers happening today, Friday in Copenhagen, the two politicians clashed over key areas of policy. Apart from the tax, disagreements over structural reforms and the role of the EU were also displayed.<\/p>\n

\u00bbA more ambitious approach to fiscal policy is needed!\u00ab, Wolfgang Sch\u00e4uble declared in response to suggestions that he was overreaching in suggesting an EU-wide financial transaction tax. <\/p>\n

No answers from ‘man with all the money’<\/h2>\n

Vestager is against taxing financial transaction. (Link in to story on financial transaction) She suggested that structural reforms, particularly in the Mediterranean countries, will provide a better way out of the recession.<\/p>\n

Read a previous article that discusses the ups and down of this kind of tax here.<\/a><\/p>\n

Sch\u00e4uble, on his side expounded upon the role of financial markets in creating the current crisis, blaming high frequency trading, credit-default swaps and other financial ‘innovations’ for triggering the crisis. He argued \u00bbwhen financial markets become divorced from reality they cause harm, not good\u00ab.<\/p>\n

Despite the moderator referring to Finance Minister Wolfgang Sch\u00e4uble as \u00bbThe man with all the money\u00ab he showed no willingness to contribute more money to troubled Southern economies.<\/p>\n

\u00bbBefore the euro, Italy and Greece had sky high interest rates, they will get used to having them again\u00ab.<\/p>\n

Theo.Naidoo@adm.ku.dk<\/p>\n

Stay in the know about news and events happening in Copenhagen by signing up for the University Post\u2019s weekly newsletter here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Danish economics minister Vestager and German finance minister Sch\u00e4uble head to head at University of Copenhagen Thursday night<\/p>\n","protected":false},"author":12,"featured_media":17903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-17898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","expression-news_article"],"acf":[],"aioseo_notices":[],"yoast_head":"\nNo free gifts for south Europe at Cph EU debate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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economics minister Vestager and German finance minister Sch\u00e4uble head to head at University of Copenhagen Thursday night\r\n","use_post_excerpt":false},{"acf_fc_layout":"Byline","is_author":false,"contributors":[{"use_registered_user":false,"user":false,"contributor_name":"Theo Naidoo","contributor_title":" ","contributor_image":false}]},{"acf_fc_layout":"Content","content":"<p>Europe needs a financial transaction fee or ‘Tobin tax’ to prevent another crisis. This is the short version of what Wolfgang Sch\u00e4uble had to say when he met up with Margrethe Vestager, in a University of Copenhagen (UCPH) event yesterday, Thursday.<\/p>\n<p>With a crucial gathering of European ministers happening today, Friday in Copenhagen, the two politicians clashed over key areas of policy. Apart from the tax, disagreements over structural reforms and the role of the EU were also displayed.<\/p>\n<p>\u00bbA more ambitious approach to fiscal policy is needed!\u00ab, Wolfgang Sch\u00e4uble declared in response to suggestions that he was overreaching in suggesting an EU-wide financial transaction tax. <\/p>\n<h2>No answers from ‘man with all the money’<\/h2>\n<p>Vestager is against taxing financial transaction. (Link in to story on financial transaction) She suggested that structural reforms, particularly in the Mediterranean countries, will provide a better way out of the recession.<\/p>\n<p><a href=\"node\/8912\">Read a previous article that discusses the ups and down of this kind of tax here.<\/a><\/p>\n<p>Sch\u00e4uble, on his side expounded upon the role of financial markets in creating the current crisis, blaming high frequency trading, credit-default swaps and other financial ‘innovations’ for triggering the crisis. He argued \u00bbwhen financial markets become divorced from reality they cause harm, not good\u00ab.<\/p>\n<p>Despite the moderator referring to Finance Minister Wolfgang Sch\u00e4uble as \u00bbThe man with all the money\u00ab he showed no willingness to contribute more money to troubled Southern economies.<\/p>\n<p>\u00bbBefore the euro, Italy and Greece had sky high interest rates, they will get used to having them again\u00ab.<\/p>\n<p>Theo.Naidoo@adm.ku.dk<\/p>\n<p><em>Stay in the know about news and events happening in Copenhagen by <a href=\"http:\/\/universitypost.dk\/newsletter\" target=\"_blank\">signing up for the University Post\u2019s weekly newsletter here<\/a>.<\/em><\/p>\n"},{"acf_fc_layout":"ArticleEnd"},{"acf_fc_layout":"OtherStories","headline":"","hand_picked_posts":false,"references":false,"category":false,"theme":false,"number_of_posts":"4","style":"default"}]},"taxonomyData":{"category":[{"term_id":45,"name":"International","slug":"international","term_group":0,"term_taxonomy_id":45,"taxonomy":"category","description":"","parent":0,"count":315,"filter":"raw"}],"post_tag":[],"post_format":[],"expression":[{"term_id":15,"name":"News Article","slug":"news_article","term_group":0,"term_taxonomy_id":15,"taxonomy":"expression","description":"","parent":0,"count":11488,"filter":"raw"}],"translation_priority":[]},"featured_media_url":"https:\/\/uniavisen.dk\/wp-content\/uploads\/2012\/03\/euroevent-2-1280x960.jpg","_links":{"self":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/17898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/comments?post=17898"}],"version-history":[{"count":1,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/17898\/revisions"}],"predecessor-version":[{"id":36026,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/posts\/17898\/revisions\/36026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/media\/17903"}],"wp:attachment":[{"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/media?parent=17898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/categories?post=17898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniavisen.dk\/en\/wp-json\/wp\/v2\/tags?post=17898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}