Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Mali: Jihadist group announces death of french hostage

Read more

AFRICA NEWS

Tutu cautions ANC: South African peace laureate criticizes ruling party

Read more

MEDIAWATCH

Clamping down on jihad propaganda online

Read more

DEBATE

Homegrown Jihadists: France Sets Out Plan to Monitor Web and Support Families (part 2)

Read more

DEBATE

Homegrown Jihadists: France Sets Out Plan to Monitor Web and Support Families

Read more

WEB NEWS

Ukrainians turn Russian 'evidence' into meme

Read more

FOCUS

Copenhagen seeks to decriminalise use of cannabis

Read more

FACE-OFF

French president's advisor resigns: A new blow for François Hollande

Read more

ENCORE!

Films as plays, plays as films and TV at the cinema

Read more

  • Fatah, Hamas agree to form Palestinian unity government

    Read more

  • UN: Millions of Syrians desperately need aid

    Read more

  • Muslims in CAR pray for an escape route

    Read more

  • US soldiers arrive in Poland as Ukraine crisis continues

    Read more

  • Madrid beat Bayern 1-0 in first leg of Champions League semis

    Read more

  • New far-right mayor moves to quash Paris region mosque

    Read more

  • Britain's ex-PM Blair warns against spread of radical Islam

    Read more

  • Turkish PM offers condolences to descendants of Armenians killed in 1915

    Read more

  • Gay marriage, one year on: ‘French civilisation did not crumble’

    Read more

  • Colombian president reinstates firebrand Bogota mayor

    Read more

  • NYPD public relations campaign on Twitter goes awry

    Read more

  • In pictures: Violent protests erupt in Rio

    Read more

  • French hostage Gilberto Rodrigues Leal has died, Islamists say

    Read more

  • 'Pope-mania' hits John Paul II's Polish hometown

    Read more

  • French actress Catherine Deneuve to sell €4 million château

    Read more

  • Chelsea, Atletico draw 0-0 in first leg of Champions League semis

    Read more

  • Ukraine to relaunch offensive in the east after politican 'tortured'

    Read more

  • Echoes of 2pac and Biggie? French rap feud turns violent

    Read more

  • New French film tackles grisly anti-Semitic murder

    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

Comments

COMMENT(S)