Sarkozy: EU nations will call on US, others to back global tax on financial transactions
By APThursday, June 17, 2010
France says EU wants global financial tax
BRUSSELS — French President Nicolas Sarkozy says European Union leaders will call for a a global tax on financial transactions.
He says the 27 leaders want the United States and others to back a tax at a Group of 20 summit of rich and emerging nations in Toronto next week — despite opposition from some nations.
It is unclear how exactly a global tax would work.
Sarkozy spoke Thursday at the 27-nation EU summit in Brussels.
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