<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Thursday,  April 25 , 2024

Linkedin Pinterest
News / Nation & World

Bank tax ‘unlikely’ in new Greek rescue

The Columbian
Published: July 21, 2011, 12:00am

BRUSSELS (AP) — The prime minister of Luxembourg says a bank tax levy is unlikely to form part of a second bailout for Greece.

Ahead of Thursday’s meeting of EU leaders, Jean-Claude Juncker says he got the impression that a deal on a bank levy could not be agreed.

However, Juncker, who as the chairman of the Eurogroup is one of the key officials of the currency union, says he’s optimistic that leaders would come up with a deal that would help not only Greece but the eurozone as a whole.

Leaders have been struggling to find an agreement that makes sure that banks and other private investors help pay for a bailout, without triggering panic on financial markets that the crisis could spread to larger economies like Spain or Italy.

Loading...