From the German or eurozone point of view that is: Wolfgang Schauble seems to be asking for the worst of all possible worlds over the imposition of the financial transactions tax.

FORBES: Wolfgang Sch?uble Asks for the Worst of all Possible Worlds

Without significant investment at the state level, the public risk the worst of all possible worlds: the expectation that there will be a cop-on-the-beat, policing managers and their funds, without there actually being one.

FORBES: Are States Up To New Job Of Policing Hedge Funds?