Don't miss

Replay


LATEST SHOWS

ENCORE!

Cannes 2017: Nicole Kidman, Queen of the festival

Read more

EYE ON AFRICA

Abdelamadjid is the new Algerian Tebboune Prime Minister

Read more

MEDIAWATCH

Trump's Handshake Showdown

Read more

THE DEBATE

Trump at NATO: What future for the Atlantic Alliance? (part 2)

Read more

THE DEBATE

Trump at NATO: What future for the Atlantic Alliance? (part 1)

Read more

FOCUS

Life after IS group: Young Iraqis learn to live together in Kirkuk

Read more

ENCORE!

Cannes 2017: Robert Pattinson stars in Safdie brothers heist 'Good Time'

Read more

THE INTERVIEW

Trump on 'learning curve' but poll numbers 'will go up'

Read more

INSIDE THE AMERICAS

Is Venezuela on the verge of anarchy?

Read more

Business

Sarkozy reiterates call for financial transactions tax

Text by News Wires

Latest update : 2011-11-04

French President Nicolas Sarkozy repeated his call for a tax on financial transactions at the G20 summit on Thursday, saying such a tax was "possible, financially indispensable and morally inarguable".

AFP - French President Nicolas Sarkozy said Thursday that a tax on financial transactions is possible, necessary and moral, adding that Brazil and Argentina were not opposed to such a levy.

Sarkozy said he believed that such a tax was "technically possible, financially indispensable and morally inarguable.

"Some countries were very opposed to it," he acknowledged after the first day of the G20 summit of the world's most powerful economies, but he welcomed what he said was Brazil and Argentina's signal they were not opposed to it.

France and Germany have been pushing for a small tax on financial transactions to be adopted at the G20 as a mechanism to force markets to help pay for government efforts to rescue debt-riden economies.

However, the scheme has run into opposition from the United States, Canada, Russia and China although Sarkozy indicated earlier Thursday following talks with President Barack Obama that US objections may be softening.
 

Date created : 2011-11-04

  • G20 CANNES SUMMIT

    G20 leaders struggle to overcome euro crisis

    Read more

  • FRANCE

    Sarkozy’s euro crisis message opens battle for 2012 presidency

    Read more

  • FRANCE

    Sarkozy to answer vetted TV questions on eurozone crisis

    Read more

COMMENT(S)