THE GERMAN COALITION GOVERNMENT AGREEMENT ON FINANCIAL TRANSACTION TAXES AIMED TO INCLUDE BANKS CONTRIBUTION IN THE STRUGGLE AGAINST THE EUROPEAN DEBT CRISIS AND FINANCIAL STABILITY IN THE EURO-ZONE COULD MEAN LESS FINANCIAL INCENTIVES, LESS SOCIAL ASSISTANCE AND NO ABUNDANCY WAY OF LIVING FOR THE POPULATION.

The German coalition agreement on financial taxes that would not only be introduced and implemented in Germany, but in the whole of the European zone means Germany coalition government under the Kanzlerin Angela Merkel would be more conservative than is socially, or liberal oriented government, despite the coalition aim to include the political parties as the SPD, the CSU, the FDP, and the Green party, eventhough the SPD and the Green party have agreed to form a coalition as an opposition parties in the North Rhein Westfalia. The introduction of the transaction taxes that has been aimed to include banks contributions in the struggle against the European debt crisis could also mean that financial business sectors such as the banks business, the stock business, the credit cards business, money paper business and loan business amid tougher regulations in the budget control and loan allocation would only be given to the very rich people for the reason of financial stability in the Euro-zone and elsewhere, but the trend in the ever increasing gaps between the few rich groups getting richer, while many groups of the population would continue in the struggle against poverty may never cease within the European zone and in other countries.

Written by Godfrey Ohia.