FTT

Aid from rich nations is likely to fall by at least $9.5 billion by the end of 2012 – the biggest drop in aid for 15 years, according to new calculations by international agency Oxfam ahead of this week’s G20 Summit (Nov 3-4).

“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.

On Robin Hood tax/financial transaction tax

Speaking at the G20 finance ministers meeting, Max Lawson, Oxfam spokesperson, said: “While the G20 squabbles, poor people from Greece to Ghana

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

Oxfam spokesperson Luc Lamprière said:

Financial transaction tax:

Oxfam spokesperson Caroline Pearce said:

On economic growth:

The European Commission proposed today an EU-wide Financial Transaction Tax (FTT) to fund its next long-term budget (2014-2020) partly through own resources.

Responding to President José Ma

A European tax on financial transactions would be fair, practical and popular and could raise as much as €210 billion to tackle poverty and climate change, according to Oxfam's new report.

The European Commission published today a paper on how to raise the $100 billion per year pledged by rich countries at last year’s UN climate talks in Cancun to help poor countries protect