Hoffmann calls for financial transaction tax across EU

The head of Europe's biggest trade union Reiner Hoffmann has said a one-off levy on the richest people in Europe could yield over €120bn.

Hoffmann, the head of Germany's DGB, that has 40 million members, added Europe needs a new major one-off stimulus to revive the Eurozone.

At a conference in Dublin, he is calling for a plan similar to the 'Marshall Plan' used to kickstart European economies after World War 2.

He is calling for a financial transaction tax across the entire EU, which he believes would hit the pockets of those who caused the financial crisis.


More in this Section

Channel 4 relocation outside London 'could have transformative impact'

Snapchat to introduce scripted TV-like programmes

Airbus-Bombardier deal 'will help secure future of the Belfast workforce'

More than 12m new vehicles registered in Europe


Today's Stories

Ryanair rehires pilots boss to ‘transform’ rostering

Eating habits give food for thought to Irish suppliers

Bank of England governor Mark Carney backs Brexit in stages

Lifestyle

Remembering the dead: Poignant reason behind Cork’s Zombie Walk

Eight events around Ireland to check out for some frightful fun this Halloween

Massacre at mass on Scariff Island

Ask Audrey: 'It’s like I’m in a horror movie called Revenge of the Norries'

More From The Irish Examiner