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12/9/14

France seeks to keep EU 'Robin Hood tax' plan despite missed deadline - by Robin Emmott and Ingrid Melander

France sought on Tuesday to keep alive a disputed financial transactions tax after 18 months of talks failed to produce a deal that would force banks blamed for causing the financial crisis to help pay for the clean-up.

Having missed a self-imposed year-end deadline to agree the broad outlines of the tax among the 11 euro zone countries that back the plan, French Finance Minister Michel Sapin told other finance ministers a deal was still possible early next year.

"We are not giving up," Sapin told a news conference. Asked if January 2016 was still a realistic start date for the tax he said: "It's not a fantasy or a funeral. That is our objective."

Read more: France seeks to keep EU 'Robin Hood tax' plan despite missed deadline | Reuters

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