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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"

... 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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