France won't wait for EU on financial transaction tax

6th January 2012, Comments 0 comments

France will go it alone if it can not convince its European partners to quickly impose a new tax on financial transactions, President Nicolas Sarkozy said Friday.

"We will put it in place because we believe in it," Sarkozy said, adding that it was unacceptable that "financial transactions be the only transactions that are exempt from all taxation."

The French leader spoke in Paris after talks with Italian Prime Minister Mario Monti. Earlier, both Italy and Germany had publicly urged EU members to agree a joint tax rather than impose one unilaterally.

© 2012 AFP

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