"The Impact fo the Financial Transaction Tax Depends on the Details" - Helmut Siekmann on Deutschlandfunk

The European Court of Justice has backed the highly controversial introduction of a financial transaction tax.

Great Britain was worried about the consequences for London as a financial center and therefore had filed a lawsuit against the resolution of the Council of the European Union regarding a common system of a financial transaction tax.

In an interview with the radio station Deutschlandfunk Prof. Helmut Siekmann explains the consequences of the judgment of the European Court of Justice concerning the plans for a financial transaction tax.

The interview is part of the program "Wirtschaft am Mittag", which is available as podcast (start 2:10 minutes).