The World from Berlin 'The Financial Transaction Tax is Overdue'

European finance ministers have failed to reach an agreement on a proposed financial transaction tax. Now there is talk of watering down the measure to get something on the books. German commentators on Wednesday say that while it may be deferred for now, such a tax is inevitable.
German Finance Minister Schäuble with journalists at the euro-zone meeting on Tuesday.

German Finance Minister Schäuble with journalists at the euro-zone meeting on Tuesday.

Foto: GEORGES GOBET/ AFP
--Kristen Allen