Spanish campaigners stage a press stunt ahead of a 2010 ECOFIN meeting in Madrid. Credit: Ivan M. García/Oxfam
Act now! Robin Hood Tax 11 to meet on the 11th
On Tuesday 11 March, the finance ministers of the European Union meet in Brussels as ECOFIN. And the finance ministers of the 11 EU countries committed to introduce a financial transactions tax (FTT) will meet in the margins to take the next crucial steps towards implementation.
The FTT represents a key opportunity to shift the finance sector away from the sort of casino banking that caused the financial crisis and to raise essential revenues to protect frontline public services and fight global poverty and climate change.
There has been an intense finance sector lobbying campaign (and an over-active media spinning operation), but with your support we have beaten this back. But the decisions that will be made on Tuesday will be crucial in dictating the shape that the tax will take and how much money it will raise.
So we’re asking people to redouble their efforts today to help us send the message that a watered-down FTT is not good enough. We need the real deal, a tax that covers not just shares but derivatives, and which is deployed to meet the challenges of austerity, global poverty and climate change.
If you haven’t seen the latest campaign film starring Andrew Lincoln and Bill Nighy (who else?) you can watch it online, and whether you’ve seen it or not, please share it on Facebook, through twitter and by email. And don’t forget to sign and share the petition, too.
Make sure European finance ministers know that people in Britain don’t share the negative, banker-backing bluster of George Osborne.