(Reuters) - The European Commission said on Wednesday it would push next month's G20 summit to agree on a global financial transaction tax, but Canada said it may have enough support to block such a move.
Flanked by German Chancellor Angela Merkel at a news conference in Brussels, European Commission President Jose Manuel Barroso said it was time to push ahead with the initiative.
"The chancellor and I agreed that the time is right to create new momentum globally and at the G20 summit in Cannes, we will press for a global financial transaction tax," Barroso said.
Read More
Latest Economy
- Marc Faber's October Outlook: Forget EU Debt Crisis, A China Meltdown Is The Real Threat
- Obama's "Millionaire Tax" Collected Over Next Ten Years Will Plug 4 Months Worth Of Deficit
- Peter Schiff On New 5.6% Millionaire Surcharge Tax
- Wrong Medicine for a Sick Economy
- Hiding Gold in All the Unusual Places
- The Top 100 Statistics About The Collapse Of The Economy That Every American Voter Should Know
- Property, Freedom and Society | Jeffrey Tucker Interviews Hans-Hermann Hoppe
- Colorado Farmers Hire Locals for Farm Labor, They Quit After Six Hours
This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the Digital Millennium Copyright Act (found at the U.S. Copyright Office) and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.
About Us - Disclaimer - Privacy Policy
"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened..." - Winston Churchill
