France's minister for European affairs, Jean Leonetti, has signaled plans for a Europe-wide financial transaction tax will be legalised by the end of 2012, despite opposition from countries including the UK.
According to the minister, the French and German governments are in strong agreement on the proposal, the Telegraph reported. The tax has been vehemently opposed by British and Swedish governments. "This is on the programme for the next European summit [on January 30]. Nicolas Sarkozy and Angela Merkel have decided on this and it will be put in place before the end of 2012," Leonetti said in a French television interview. In the UK, the Robin Hood Tax Campaign has been set up to lobby against the imposition of the tax, arguing the banking sector will suffer the most pain from the regu...
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