Greek PM expresses support on Sarkozy's carbon tax

09:22, November 16, 2010      

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Visiting Greek Prime Minister George Papandreou expressed on Monday his support for carbon tax and transaction tax advocated by French President Nicolas Sarkozy.

Following a working lunch with the French president at the Elysee Palace, Papandreou told the press he and Sarokzy discussed a new mechanism for the stability of the European Union, which should be financed by carbon tax on Europe level and a tax on financial transactions.

With this new mechanism, Europe would have substantial sources of income to help boost economic growth and create jobs, the prime minister said.

Sarkozy has long called for the introduction of carbon taxes to EU borders in order to force non-European companies to follow a " fair competition" in respect of environmental friendly criteria.

In addition, he supports levies on international financial transactions to minimize risk of financial activities and to fund major international projects such as the Millennium Development Goals.

Later in the day, Papandreou met with his French counterpart Francois Fillon. They discussed the economic situation in Greece, the strengthening of EU economic governance and bilateral relations, according to a local media report.

Source: Xinhua


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