More than a million refugees in need of food, water and shelter
EU Finance Ministers’ meeting Brussels
Finance Ministers are expected to review their position on the Markets in Financial Instruments Directive (MiFID). Strong evidence suggests that a link exists between speculation on commodities by financial counter-parties and greater food price volatility and, in some cases, higher food prices. High and volatile food prices have had a devastating impact in poor and food import dependent countries, causing increased hunger, conflict and instability. Oxfam-in-Belgium will be releasing a report detailing the involvement in food speculation of banks based in the country.
20 June, 2013 - 23:00