European bank tax could raise €50 billion a year
Rahvusvahelised uudised 06 Apr 2010  EWR
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The Swedish Wire
BRUSSELS (AFP) - Sweden pushes for a EU tax on banks for emergency bailouts.

An EU tax on banks, which finance ministers will examine this month, could generate annual revenues of at least 50 billion euros, a European Commission study showed on Tuesday.

Proposals for such a tax, pushed by Sweden which already operates a national levy on banks, could be used for bailouts in the event of another banking crisis and are broadly backed by France and Germany, mirroring a new US scheme.

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