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Europe Daily Bulletin No. 8038

1 September 2001
GENERAL NEWS / (eu) eu/ecofin
Eichel and Fabius disagree over Tobin tax but remain confident about growth prospects

Brussels, 31/08/2001 (Agence Europe) - German Finance Minister Hans Eichel expressed his "very great doubt" about how effective it would be to establish the Tobin tax (on speculative movements of capital) put forward by his French counterpart, Laurent Fabius, during a Franco-German economic and financial council held on Friday in Berlin. During the final press conference, Mr Fabius recalled that the idea of this tax, supported in France by the Attac movement, some Greens and the extreme...

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