7/13/2010

Christine Lagarde and Wolfgang Schäuble, finance ministers from France and Germany, respectively, sent a joint letter to the Belgian EU presidency reiterating their support for a tax on financial transactions. The ministers indicated that they will propose such a tax this week. "Although a consensus could not be reached yet, we are convinced that the European Union shall pursue its efforts towards the setting up of such a tax that is both feasible and necessary," Lagarde and Schäuble wrote.

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