Cameron has vowed to wield a second veto in Europe if France and Germany insist on pushing ahead with an EU-wide financial transaction tax David Cameron has vowed to wield a second veto in Europe if France and Germany insist on pushing ahead with an EU-wide financial transaction tax. The Prime Minister said countries calling for a levy were welcome to implement it within their own borders – but added that to impose it across the EU without the backing of other major economies would harm businesses and jobs. The plan to impose a so-called ‘Robin Hood tax’ could cripple the City of London, through which the vast majority of European financial transactions go.
@highlight
'Robin Hood' tax could cripple the City of London
@highlight
But Mr Cameron ready to give billions more to IMF for assisting eurozone
The Prime Minister's determination to fall in line with the rest of the world has left him in a trickier position when it comes to @placeholder contributions, however.