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French President Francois Hollande shifts position on Tobin tax, money for environment

2015-01-05 13:28:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: French President Francois Hollande shifted position Monday on implementing a long-sought financial transactions tax in Europe and said the money should go towards projects aimed at mitigating climate change. In an interview on France Inter radio Hollande said such a tax should be put in place next year in willing European countries on "all financial products at a low rate". That is a shift of position for France, whose insistence that financial derivatives products important for French banks be...

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