MEPs’ vote of confidence for FTT sends strong signal to EU Member States

In reaction to the European Parliament's plenary vote on the Financial Transaction Tax, Nicolas Mombrial, Oxfam’s EU Policy Adviser said:

“The European Parliament's overwhelming support for an FTT reflects the will of Europe's people. It is a clear message to finance ministers to give the green light to the proposal to make banks pay their fair share.

“In cash-strapped times, an FTT is a no-brainer that is morally right, technically feasible, and economically sound. It will generate at least €37 billion annually which should be used to help poor people at home and abroad who have been hit hardest by the economic crisis and climate change.”

Related links

More on the Robin Hood Tax Campaign

Oxfam factsheet: The Financial Transaction Tax at a glance