It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
The European Commission has backed plans from 10 countries to launch a financial transactions tax to help raise funds to tackle the debt crisis.
The 10 countries include France, Germany, Italy and Spain.
The nations want to push ahead with the tax after failing to win support from all members of the European Union.
The UK has been especially vocal in its opposition to the tax, which it feels would hit the City of London particularly hard.