euronews U talk – France's financial transaction tax, a good idea? www.euronews.com In this edition of U-talk, Michael, from Brussels, asks: "With the tax on financial transactions, what will guarantee that some financial activities will not move outside the EU?" The reponse from Marc Touati, an economist with Assya Compagnie Financière: "I think we must be clear that, if France is the only country to apply the financial transaction tax, Paris as a market, as we know it, will be finished. "That's to say that, very clearly, we already have extremely strong fiscal pressure, very strong regulatory pressure on the Paris financial market, so, at this moment, more and more financial activities will leave France. "Even if this tax is marginal, it would create what I'd call a psychological … Read entire article »

Andrew Haldane, Executive Director for Financial Stability, Bank of England, speaking at the breakout panel entitled "How Can We Create a Financial System That Is Socially Useful?" at the Institute for New Economic Thinking's (INET) Paradigm Lost Conference in Berlin. April 14, 2012. #inetberlin Source: Andrew Haldane: Creating a Socially Useful Financial System 2/5 (Youtube). … Read entire article »