European Financial Transaction Tax must be agreed without delay, says Oxfam

France, Germany and 8 other EU nations today postponed agreeing to a long-awaited European Financial Transaction Tax (FTT).

In response, Natalia Alonso, Oxfam’s Deputy Director of Advocacy & Campaigns, said:

“The Financial Transaction Tax is supported by a substantial majority of EU citizens, while the banking industry strongly opposes it as it will reduce their profits. Emmanuel Macron, Angela Merkel and all the other EU leaders should show us they are on the side of the people, not the bankers, by agreeing this tax without further delay.”

Notes to editors: 
Contact information: 

Dannielle Taaffe | Dublin | dannielle.taaffe@oxfam.org | mobile +353 838 695416

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