Arab Today, arab today paris and berlin to detail summit proposals
Last Updated : GMT 18:26:44
Arab Today, arab today
Arab Today, arab today

Paris and Berlin to detail summit proposals

Arab Today, arab today

Arab Today, arab today Paris and Berlin to detail summit proposals

Paris - AFP

The French and German finance ministers meet on Tuesday to turn broad proposals to solve the eurozone debt crisis made at a summit last week into concrete policies that will reassure both voters and markets. French Finance Minister Francois Baroin hosts his German counterpart Wolfgang Schaeuble at 0800 GMT to detail proposals made by President Nicolas Sarkozy and Chancellor Angela Merkel on August 16, the French ministry said. The most urgent item on the agenda is a controversial EU-wide tax on financial transactions. Merkel and Sarkozy offered few details on what would be taxed, at what rate, when it would be introduced. Another open question is where the proceeds of the tax would go -- towards deleveraging over-indebted eurozone members, the EU budget or aid programmes to underdeveloped countries. The two ministers are expected to submit a joint proposal on the transaction tax to their European colleagues at the beginning of next month. France originally proposed a transaction tax to the Group of 20 nations that it presides over until November, but without offering more details there either. The ministers must also discuss their leaders' proposal that all 17 countries which share the euro adopt constitutional amendments requiring them to limit public deficits. That debate is just as political as technical: Germany has its own legislation to stop racking-up deficits that differs from a law proposed in France that will likely never be implemented since Sarkozy's governing party lacks the votes to pass it in parliament. Other countries, such as Portugal, have expressed their doubts about such a rule. The characteristics of a "eurozone government" broached last week by Merkel and Sarkozy to satisfy investors frustrated with the political cacophony in dealing with the eurozone crisis, also needs to be hammered out. Finally, the ministers were expected to begin designing a unified corporate tax for France and Germany. Concrete proposals on that promise are expected by early 2012. Threats to the global recovery are likely to weigh heavily on the talks Tuesday with growth having slowed to standstill in both France and Germany in the second quarter of this year. France, the subject of heavy market jitters all throughout August, is more than ever under pressure to reduce its public deficit. The government is expected to announce Wednesday additional measures to ensure it reduces the deficit to 4.6 percent of annual output in 2012 from 5.7 percent expected this year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today paris and berlin to detail summit proposals Arab Today, arab today paris and berlin to detail summit proposals

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today paris and berlin to detail summit proposals Arab Today, arab today paris and berlin to detail summit proposals

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday