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Some of Europe’s biggest film stars came together to launch today a new short film Future News, directed by David Yates, which brings to light the enormous potential of a Robin Hood Tax.

The world’s leading economies must act now to stop the price of basic foods from surging further out of the reach of poor people. They must also commit to a Financial Transaction Tax (FTT) to help millions of people hit by the economic crisis and climate change.

“Today President Sarkozy signaled that a number of ‘lead’ countries could forge ahead this year with a tiny levy on financial transactions – a Robin Hood tax – and that he is confident othe

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

A broad coalition of NGOs, political organizations and trade unions today (7 September), called on EU Finance Ministers to recognize the merits of an European-wide Financial Transaction Tax (FTT), particularly as austerity measures begin to be felt throughout the EU.

European leaders meeting today to discuss ways of boosting economic growth should press ahead with plans for a financial transaction tax (FTT), Oxfam said.

A leaked European Commission document dispels earlier warnings that the fin

“Food, funds, inequality” issues will test G20 leaders’ ability to transform the global economy. The 2011 G20 Summit could be a watershed for global stability and prosperity if leaders rise above a narrow vision of self-interest and act decisively for the world’s poorest citizens.

Only 28 percent of the world’s most influential food and agriculture corporations report they are reducing their water withdrawals and just 23 percent say they are taking action to reduce water pollution. Oxfam’s new analysis of 350 corporations using World Benchmarking Alliance data comes ahead of World Water Day (March 22). 

In a puzzling move, inequality was not on the agenda at the International Monetary Fund’s Press Briefing in the Peruvian capital today, while World Bank President Jim Kim said TPP could boost growth.