Germany protesters "Attac" on financial transaction tax Protesters staged a demonstration outside Frankfurt's stock exchange, calling for the introduction of a financial transaction tax in Europe. Supporters of anti-globalisation network Attac laid sandbags outside the building in Germany to symbolise "a dam against speculation" according to one man on a megaphone. Christoph Bautz, from Campact - a group who work with Attac - said: "The financial crisis over the past few years has shown that the deregulation of financial markets had catastrophic consequences. There must be stronger regulation of financial markets. A first such step is the financial transaction tax which slows down at least the short-term speculation on financial markets. German Chancellor Angela Merkel has said she will support a financial transaction tax. The levy also features as part of a 120 billion euro "growth pact" proposed by French President Francois Hollande. More about: Finance, Germany, Protest