May 26, 2010 /EIN Presswire/ — A tax on banks’ assets, liabilities and profits to pay for future crises has been proposed by the European Commission and will be on the agenda of the G20 meeting scheduled in June.

The EU is hoping to build momentum for such a levy ahead of the meeting. Member countries have been at loggerheads over such a proposal. Last April, finance ministers from 27 countries failed to agree on setting up an emergency fund, financed through a bank tax.

Read more at Banking Industry Today:
Europe Banking news – http://banking.einnews.com/europe/
Banking Crisis news – http://banking.einnews.com/news/banking-crisis

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