Monday, December 14, 2009

EU urges IMF to consider financial transaction taxes

From Reuters:

"European Union leaders urged the International Monetary Fund in a draft statement on Friday to consider imposing a global tax on financial transactions following the economic crisis."


And it provides further detail:

"The European Council encourages the IMF to consider the full range of options including insurance fees, resolution funds, contingent capital arrangements and a global financial transaction levy in its review," they said.


All positive. And we know that the IMF is already considering this.

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