The meeting of the Group of Seven leading industrialised nations (G7) in Paris on Saturday, was marred by deep divisions between the EU and the US over President George W. Bush’s tax cut plans. The European Central Bank President and Eurozone finance ministers have expressed deep scepticism about the 690bn dollar tax cut proposal, saying it endangered the world economy.
The US Treasury secretary, John Snow, pushed hard for international support for the proposal saying it would benefit g...
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