Monday, June 16, 2008

Sarkozy proposes EU cut in fuel tax

[HT:PS]
Paris - President Nicolas Sarkozy of France on Tuesday proposed cutting fuel taxes Europe-wide, responding to economic discontent that has prompted French fishermen to mount protests now spreading to other European shores and sectors. Sarkozy urged the European Union to suspend part of the value-added tax on fuel to counter rising crude oil prices that have risen repeatedly to new highs in recent weeks. For more than two weeks, angry fishermen have blocked ports across France to protest rising fuel prices...

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