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.
MEPs’ vote of confidence for FTT sends strong signal to EU Member States
In reaction to the European Parliament's plenary vote on the Financial Transaction Tax, Nicolas Mombrial, Oxfam’s EU Policy Adviser said:
“The European Parliament's overwhelming support for an FTT reflects the will of Europe's people. It is a clear message to finance ministers to give the green light to the proposal to make banks pay their fair share.
“In cash-strapped times, an FTT is a no-brainer that is morally right, technically feasible, and economically sound. It will generate at least €37 billion annually which should be used to help poor people at home and abroad who have been hit hardest by the economic crisis and climate change.”
More on the Robin Hood Tax Campaign
Oxfam factsheet: The Financial Transaction Tax at a glance
For more information, please contact Gaelle Bausson on +32 473 562 260 or firstname.lastname@example.org, or @gbausson