"Am I therefore become your enemy,because I TELL YOU THE TRUTH...?"
(Galatians 4:16)

Thursday, May 13, 2010

EU's Barroso calls on G20 to agree bank levy

BRUSSELS-EU commission chief Jose Manuel Barroso called Thursday for the Group of 20 countries to agree on a bank levy to prevent future financial crises at their June summit.Barroso said Europe should seek to get the bank levy settled at the Toronto, Canada G20 summit, having promised to reform the way the financial markets work in the past given the turmoil of the past two years.Among targets for the meeting, there should be "agreement on a financial institution levy to reduce systemic risk and contribute to bank repair," he said in a letter to European Union leaders....

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