EU Calls For Global Financial Levy |
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December 11, 2009
European Union leaders called for a global financial transaction levy and more responsible banking pay in the hopes it could help buffer against future market crises, according to a joint statement published Friday.
European Union leaders called for a global financial transaction levy and more responsible banking pay in the hopes it could help buffer against future market crises, according to a joint statement published Friday.
British Prime Minister Gordon Brown said there was "growing support" across the world for such a levy and that other EU nations were supportive of Britain's plans for a one-off tax of 50 percent for all bonuses of more than more than 25,000 pounds ($40,800.)
France says it will follow suit - and called on others to join them. French President Nicolas Sarkozy said, "We want and expect others to do the same because we are in a globalized world."
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