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ST. ANDREWS, Scotland -- Britain called for consideration of a global tax on financial transactions to insure against another crisis, and urged world finance officials meeting Saturday in Scotland to agree on bearing the cost of fighting climate change. Full Article at Chicago Sun-Times
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* Group of 20 divided on push to reach climate finance deal * Agreement needed before key Copenhagen summit in Dec * Push follows failure to progress at Barcelona summit (Adds details) By Toni Vorobyova and Anna Willard ST ANDREWS, Scotland, Nov 7 (... Full Article at Reuters Alert Net
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British Prime Minister Gordon Brown told finance ministers from the Group of 20 rich and developing it was time to consider a form of global financial levy such as an insurance fee on transactions or contingent capital arrangements. Full Article at San Francisco Chronicle
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ST. ANDREWS, Scotland -- Britain called for consideration of a global tax on financial transactions to insure against another crisis and urged world finance officials meeting Saturday in Scotland to agree on bearing the cost of fighting climate change. Full Article at Miami Herald
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Britain will force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will support them with STG30 billion ($A54.36 billion), the government said on Tuesday. Full Article at The Age
Related Quotes
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I think that it really is imperative that when we reach the end of the day, that we have shown that we have made some real progress in dealing with what is a very real and urgent problem now ... We will do everything that we can to reach that agreement in advance of the Copenhagen meeting.
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We should discuss whether we need a better economic and social contract to reflect the global responsibilities of financial institutions to society
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I think that it really is imperative that when we reach the end of the day, that we have shown that we have made some real progress in dealing with what is a very real and urgent problem now ... We will do everything that we can to reach that agreement in advance of the Copenhagen meeting.
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It really is imperative that when we reach the end of the day that we have shown that we have made some real progress
