Thursday, January 12, 2012

Monti: Support for EU financial transaction tax (AP)

BERLIN ? Italy's Prime Minister Mario Monti says he would support a new tax on financial transactions so long as it applies to the European Union as a whole.

Speaking after meeting Wednesday with Chancellor Angela Merkel, Monti indicated his preference for such a tax for the whole 27-nation bloc, rather than just the 17 countries that use the euro as their currency.

Monti says "we are open to supporting this initiative at the EU level."

Such a tax had been rejected by the Berlusconi government, but Monti had already said that his government might consider it.

In a meeting Monday in Berlin, Merkel and French President Nicolas Sarkozy said they would seek such a tax at the EU level, but indicated they might be prepared to push ahead with it on the eurozone level.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120111/ap_on_bi_ge/eu_europe_financial_crisis

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