U.K., France Oppose EU Bank Levy Proposal

27 May 2010

The U.K. and France have come out against a European Union proposal to impose a levy that would generate funds for a program to ensure against future bank failures.

The U.K. and France have come out against a European Union proposal to impose a levy that would generate funds for a program to ensure against future bank failures. The U.K. said the fund would create a “moral hazard,” as banks would begin viewing the levy as an ...

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