"The world suffers chronically from what has been strikingly called the 'silent tsunamis.' Famine, infectious diseases that decimate the life force of entire continents," says French President Jacques Chirac in a video message from Paris to the delegates to the World Economic Forum in Davos, Switzerland.
French President Jacques Chirac unrolled a novel idea that he said could generate billions of dollars in aid to impoverished nations. Chirac dared the world?s most prosperous countries to award "coordinated tax incentives" to private donors and impose taxes on international financial transactions and airplane tickets, which, according to him, could produce around $13 billion a year. In addition, the leader of France advertised his vision of a Third World aid trust, which will be funded by special contributions from governments with bank secrecy laws. Chirac said the G8 conference in Scotland this July offers the leading industrialized nations a fine venue to thrash out his proposal.
Source: Chirac: Rich Nations Must Provide More For World's Poor (AP)