A desperate and largely unknown humanitarian crisis is deteriorating in the Lake Chad Basin region of West Africa, forcing millions of people to flee their homes and leaving millions more in need of humanitarian assistance. Oxfam is providing life-saving support but help is urgently needed to prevent the crisis turning into a catastrophe.
Oxfam welcomes European Commission paper on taxing the financial sector
Elise Ford, Head of Oxfam’s EU office, said:
“Today marks a real turning point, a victory for people over profits. It’s really good news that the European Commission wants to push for a tax on financial transactions at global level to raise money for development and climate change. But the big news today is that the Commission wants Europe to move unilaterally on a tax on financial activities, which would definitely also mobilize tens of billions of euros to tackle these pressing international challenges.”
“Taxing big finance is both just and economically sensible, reducing dangerous casino capitalism and raising big amounts of money to help those hit hardest in Europe and in the poorest countries”.
“EU leaders must now sign on the dotted line when they meet at the end of the month and push for a speedier timetable for action than summer 2011, as proposed by the Commission.”
Read the EC report (pdf)
Angela Corbalan on + 32 473 56 22 60 or firstname.lastname@example.org, or @AngelaCorbalan