Oxfam reaction to Sarkozy's call today for a financial transaction tax

Responding to French President Nicolas Sarkozy's call for the G20 to agree a tax on financial transactions to raise funds for international development, Jeremy Hobbs, Oxfam International Excecutive Director, said:

"President Sarkozy's comments offer a real opportunity for the G20 to put the interests of the poor ahead of those of big banks and make a Robin Hood Tax a reality. The G20's president and the IMF are both pushing for the financial sector to pay more so finance ministers meeting next month now have no excuse for inaction."

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