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Leitl - No to Bank tax charged - European financial transaction as better solution

Published: May 26, 2010; 00:00 · (Vindobona)

"The economy needs a permanently stable financial system. But not at the expense of savers and Investors"

Leitl - No to Bank tax charged - European financial transaction as better solution / Picture: © Vindobona.org

... said Christoph Leitl president of the Economic Chamber of Austria, as response to today's proposal by EU Commissioner Michel Barnier to create a bank emergency fund, financed by a bank tax. Thereby, the European Commission is following a proposal issued by the International Monetary Fund (IMF); a G20 report discussing a financing regime for banks in crisis situations. Leitl argues…

This article includes a total of 215 words.

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