Europe's leading economies showed no sign on Friday of adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts but vowed to press on with their own ideas to target the sector. The president of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said Obama was right to propose the plan, which foresees Wall Street banks paying up to $117 billion to reimburse taxpayers for bailing them out. In France, Economy Minister Christine Lagarde said Obama's plans were appropriate for the United States while France's steps are suited for its domestic situation.
The French government has said it plans to put a 50 percent tax on traders' bonuses of above 27,500 euros ($39,670). Britain has announced a 50 percent levy on banks paying bonuses of over 25,000 pounds ($40,850).
For more : Europe hails but won't copy Obama bank fee plan | Reuters
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