By: Wall Street Pit
March 15, 2013 at 12:06 PM EDT
Stocks Going “Hungary” in Italy
A few months ago, I talked about how a financial transactions tax can have significant unintended consequences. Using Hungary as an example, I said that when the government implemented a levy of 0.5 percent on banks’ assets, bank credit growth rates plummeted. As a result, Hungary’s household and corporate sector credit growth rates became anemic [...] View the full post at: Stocks Going “Hungary” in Italy Related posts: Italy: Debt Over GDP 115% and Rising Stocks Flat After Weak Economic Data Visa IPO To Launch – A Gutsy Move
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