Monday, May 17, 2010

HIGHLIGHTS-Euro zone finance ministers' meeting

"We need to look at the taxation of banks and the financial sector in general in a collective way."
"I think it's a little bit far-fetched to assume that the taxation will be on financial transactions, that might not be the most efficient way of assessing the type of levy."
"So we need to have an open mind. Particularly we need to wait until the IMF reports back to the G20 on its additional findings and its report."
"There are various approaches -- we need to find the most appropriate and most efficient."
On euro zone aid measures:
"As far as I'm concerned, I think we have homework to do. We have confidence to build and strengthen, and there is a roadmap that we have which is (to) make sure ... that the special-purpose vehicle is set up and properly organised and that the mechanism is in place so that we can demonstrate to markets that we actually put our money where our mouth is."open your eye
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