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Wednesday, 21 September 2011

France steps up support for financial transaction tax

If governments could find trillions of dollars to support banks and the global financial system in 2009, why can’t they raise enough money to help eradicate extreme poverty? This is the question that supporters of a financial transaction tax (FTT) are asking in France, as lawmakers debate introducing such a levy to help fund development at home and abroad.

"If we were able to have the solidarity for the financial system, I cannot believe that we can’t find ways and means now to have enough money to really fight against extreme poverty," says Arielle de Rothschild, French investment banker and chairperson of the humanitarian organisation CARE France.

Source: IPS News