EU to Push for Tax on Banks to Pay for Future Crisis Fund
May 26, 2010 /EIN Presswire/ -- A tax on banks' assets, liabilities and profits to pay for future crises has been proposed by the European Commission and will be on the agenda of the G20 meeting scheduled in June.
The EU is hoping to build momentum for such a levy ahead of the meeting. Member countries have been at loggerheads over such a proposal. Last April, finance ministers from 27 countries failed to agree on setting up an emergency fund, financed through a bank tax.
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The EU is hoping to build momentum for such a levy ahead of the meeting. Member countries have been at loggerheads over such a proposal. Last April, finance ministers from 27 countries failed to agree on setting up an emergency fund, financed through a bank tax.
Read more at Banking Industry Today:
Europe Banking news - http://banking.einnews.com/europe/
Banking Crisis news - http://banking.einnews.com/news/banking-crisis
Located at http://banking.einnews.com, Banking Industry Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest banking news from more than 7,000 news sites from around the world. The latest news updates on these topics are also available in email and RSS formats.
About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at http://www.einpresswire.com and the latest world news at http://www.einnews.com.
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