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Austria defies mounting pressure to end bank secrecy

• Reuters

Austria defied growing pressure to follow Luxembourg in ending bank secrecy, after a group led by Europe's six biggest countries pledged to work together to tackle tax havens.

Late on Friday, the finance ministers of Germany, France, Britain, Italy, Spain and Poland announced their desire to jointly push for more bank transparency, a message they will take to the meeting of the Group of 20 top global economies in Washington next week.

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