Thursday, July 21, 2011

Germany, France Won't Press for Bank Tax

Wall Street Journal
July 21, 2011

Germany and France have opted not to press for a bank tax to help finance the new rescue package for Greece, according to people familiar with the matter.

German Chancellor Angela Merkel and French President Nicolas Sarkozy will instead present a different proposal for private-sector involvement in the Greek package to Thursday's summit of euro-zone leaders in Brussels, these people said, without giving details.

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