Germany calls on EU to ban 'patent box' tax breaks

Germany's finance minister called on Tuesday for a ban on the so-called "patent box" tax break offered by Britain, Netherlands and some other EU members, which he says results in unfair competition for foreign investment.

Three horsemen of a weakened U.S. currency

SYDNEY (MarketWatch) — “The USA lived off credit for too long, inflated its financial sector massively and neglected its industrial base.” Such was the sobering assessment that German finance minister Wolfgang Schäuble gave the Wall Street Journal in November 2010.