Europe's finance ministers on Saturday made another effort to achieve a breakthrough on a disputed financial transactions tax, as Germany unveiled a plan to bring on board a sceptical Britain.
Ministers entering the second of a two-day meeting here expressed cautious support for a proposal issued by German Finance Minister Wolfgang Schaeuble to introduce a tax only on trade in company shares before broadening it out.
Acknowledging that resistance from several countries had delayed the tax, proposed by the European Commission in September 2011, that aims to make the financial sector pay for the crisis, Schaeuble proposed an "intermediate step."
For more: Europe aims for breakthrough on financial transactions tax - The Economic Times
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