5/28/2013

Benoit Coeure, a member of the European Central Bank Executive Board, says the ECB has offered to help the EU adjust a proposed tax on financial transactions. "We're willing to engage constructively with governments and the European Commission to ensure that the tax has no negative impact on financial stability," Coeure said. Meanwhile, government officials from Germany are indicating that the tax would not be introduced in the near future amid objections from the financial industry.

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