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European Commission President Jose Manuel Barroso today threw his full support behind an EU Financial Transaction Tax (FTT) arguing that banks must make a '”contribution” back to society af

Last year poor people around the world endured the consequences of the food and energy price crisis.

The European Parliament today adopted a report advocating the EU press ahead with the introduction of a Financial Transaction Tax (FTT) on a unilateral basis to raise money for public goods.

Global food prices will more than double within 20 years, as a new age of crisis forces the collapse of our global food system.

Today, the European Parliament voted in favour of an European Financial Transaction Tax (FTT), with 487 votes in favour out of 685.

The international development agency said global food prices will more than double within 20 years as a new age of crisis forces the collapse of our broken global food system, said Oxfam today.

Commenting on the failure of EU Energy Ministers to reach agreement on EU biofuel policy today, Marc Olivier Herman, Oxfam’s biofuels expert said:

European energy ministers meeting in Brussels today agreed European drivers should be obliged to burn massive quantities of food crops in their fuel tanks until 2030. Anti-poverty organisation Oxfam and green group Transport & Environment (T&E) deplored this policy that would only benefit the biofuels industry and contribute to hunger and environmental damage.

Oxfam is calling for the EU and its member states to fundamentally change their approach to managing migration.

Elise Ford, Head of Oxfam’s EU office, said: