European finance ministers meet about debt crisis

European finance ministers meet about debt crisis
Tuesday, November 8, 2011 - 9:10am

European Union finance ministers are meeting for a second day for talks on the continent's debt crisis. Monday's talks ended over whether a tax on financial transactions would help reign in dangerous market speculation or further hurt economic growth.

France and Germany, together with several other Eurozone countries, are calling for a small tax on trades in stocks, bonds and derivatives. The move is vehemently opposed by several non Eurozone countries, including Britain and Sweden.


 

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