Generally, a one-time payment imposed on owners of wealth (property owners). – In particular, the collection from rich citizens of a failing euro area member state before taxpayers of other members are asked to pay. It should not be the „little man“ (regular guy) in other eurozone countries who has to pay for the mismanagement of the economy in another member country, while his own assets in the crisis country remain untouched. – The objection to this levy was that hardly anyone would invest money in the problem countries of the euro zone if they were threatened with partial expropriation in the case of imbalances in the public finances. – See bond, bad bank problem, fundamental, bail-in, bank bailout, Giips states, G-Sifi, war bond, mandatory convertible bond, private sector participation, risk sharing, Stopfganz strategy, southern front, exchange bond, loss absorption, personal, forced expropriation. – Cf. Monthly Report of the Deutsche Bundesbank of January 2014, pp. 52 ff. (one-time asset levy is justified; problems).

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

Kommentare geschlossen.