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Sao Paulo slumped 5.5% as foreign capital flowed out on fears that Brazil will devalue its currency; share prices have fallen 33.5% since the beginning of 1998.In this section ECONOMIC FREEDOM ECONOMY FINANCIAL MARKETS Reprints.
I'd also introduce a financial transaction tax of 0.05% on currency, share, bond and commodity transactions (raising £50+ billion pa) and a one-off average 20% wealth tax on the assets of the richest 5%, with the least rich of the rich paying 2% and the most rich 25% (raising £400 billion).
Similar(58)
Democratic will is unavoidably compromised by membership of a currency shared by other countries with incomparably different economies.
The euro, a currency shared by 12 European countries, was introduced in January 1999 and goes into public circulation in January.
provides a currency — shares — that can be used either to make acquisitions or to facilitate CBOE's takeover by another company.
Investors battered the euro, the currency shared by 16 nations and often seen as a barometer of confidence in the European economy.
This EU meeting was devoted to agreeing on new rules to govern the euro, the currency shared by 16 of the 27 EU countries.
This resulted in rising prices, rising wage rates and still more rapidly rising earnings, large profits and a rapid growth of money-wealth (including bank deposits and hoarded currency), shared by both the Jews and Arabs.
The fastest-growing large economy in Europe is Britain, which has so far refused to adopt the euro, the common currency shared by 12 nations, preferring its sterling instead.
In endorsing revised Greek plans to raise €4.8 billion, or $6.6 billion, in revenue and savings this year, the European Union removed the central obstacle to support for the government in Athens, whose debt crisis has rattled the 27-country Union and punished the currency shared by 16 countries.
In other words, to go back to the semicapitalist world that would be necessary for a single currency shared by 11 countries to work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com