9.22.2009

sarkozy to press for tobin tax...

french president nicolas sarkozy will urge fellow G20 leaders to introduce a special tax to reduce risky behaviour by banks, the BBC has learned. mr. sarkozy wants a levy known as a tobin tax to be applied to every financial transaction. the move is aimed at cutting excessively speculative trades and encouraging long-term decision-making. but senior EU officials told the BBC that the chances of getting a global agreement were "less than minimal"// 09.19.09, bbc news

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