The European Commission has formally proposed a financial transaction tax on all EU member states.
The tax would raise about 57bn euros ($78bn; �50bn) and would come into effect at the start of 2014.
Commission president Jose Manuel Barroso said banks must "make a contribution" as Europe faced its "greatest challenge".
The announcement comes as officials prepare to review Greece's progress in cutting its debt levels.
The financial tax would be levied at a rate of 0.1% on all transactions between institutions when at least one party is based in the EU. Derivative contracts would be taxed at a rate of 0.01%.
The commission said the tax was "to ensure that the financial sector makes a fair contribution at a time of fiscal consolidation in the member states".
Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-15090761
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