EU Mulls Trading Tax to Generate Surplus to Compensate


LONDON (AP) -- Taxing financial trades has been touted as a panacea for all kinds of global ills, European attempt to introduce a worldwide standard 40 years after it was first conceived is facing Jose Manuel Barroso, the president of the EU's executive arm, on Wednesday threw his weight behind billion) a year in Europe to help combat a debt crisis that is threatening the euro currency. "In the last three years, member states have granted aid and provided guarantees of euro4.6 trillion sector to make a contribution back to society."
The tax would be a tiny percentage of the value of

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