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If left unchecked, austerity policies could put between 15 and 25 million more Europeans at risk of poverty by 2025, bringing the number of people at risk of poverty in Europe up to 146 million.
Little will be done to curb harmful food speculation today as EU finance ministers meet to approve their position on the new Markets in Financial Instruments Directive (MiFID II) – which sets new regulations for financial markets. According to a broad coalition of environmental and development organizations, loopholes in the legislation will render it ineffective to prevent food speculation, and the resulting food price spikes that hit the poorest the hardest.
Transfer of weapons to Syria likely to spell further disaster for civilians caught in the crossfire, and fuel deadly arms race
At least $18.5 trillion is hidden by wealthy individuals in tax havens worldwide, representing a loss of more than $156 billion in tax revenue, according to new figures published today by international agency Oxfam.
Leading NGOs call on EU leaders to protect EU development aid against short-sighted cuts ahead of this week’s special EU Budget summit.
Incoming World Bank president Jim Yong Kim must step up efforts to assist developing countries threatened by the euro zone crisis fallout, international agency Oxfam said ahead of his first day on the job.
European leaders meeting today to discuss ways of boosting economic growth should press ahead with plans for a financial transaction tax (FTT), Oxfam said.
Today the European Parliament gave the green light to the European Markets Infrastructure Regulation (EMIR) designed to regulate shady ‘over the counter’ (OTC) derivatives. NGOs welcomed the introduction of clearing and reporting obligations for these financial products as a crucial step towards regulating vital agricultural commodity derivatives markets.