Germany Schaeuble Mulls Rules For High-Frequency Trade:Source

BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble sees little chance for the introduction of a financial transaction tax in Europe and is therefore considering regulations on high frequency trading, a source said Tuesday.

At a meeting of Chancellor Angela Merkel’s CDU/CSU parliamentary group, Schaeuble had said the chances for introducing a financial transaction tax in the whole European Union are “very low,” said the source who attended the meeting.

Yet, the chances for introducing the tax only on the Eurozone level are even lower because many countries believe that it would only make sense on the EU level, the minister said, according to the source.

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