Fears of Competitive Disadvantage Euro Zone Split over Financial Transaction Tax

European finance ministers are discussing a proposed EU financial transaction tax on Tuesday, but the bloc is hopelessly divided on the issue. Not even Germany and France's plan B, to only introduce the tax in the euro zone, has much chance of success. Key euro-zone members such as Ireland and the Netherlands are afraid of losing out.
The Frankfurt skyline. The euro zone is divided over a financial transaction tax.

The Frankfurt skyline. The euro zone is divided over a financial transaction tax.

Foto: Michael Probst/ AP