Until now, the US presidency had always been against the financial transaction tax. Instead, in Cannes, in a bilateral meeting on the sidelines of the G20, Sarkozy and Obama reached an agreement
Agreement between France and the US on the tax on financial transactions. The two countries have reached a "common point", which could be included in the final G20 communiqué.
The announcement was made by the French president Nicolas Sarkozy at the end of a bilateral meeting with his US counterpart, Barack Obama. Until now, Washington had always said it was strongly against the hypothesis.
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