Support regulation to stop bankers betting on food
Over recent months, soaring food prices fuelled by financial speculation have contributed to protests in countries like Mozambique, Tunisia and Algeria. Millions of people are being pushed further into hunger as food becomes unaffordable. Making food markets work for the world’s poor is more urgent than ever.
The European Commission is drafting new financial regulations and has launched a public consultation on their proposals. Investment banks, like Goldman Sachs, are lobbying hard to weaken these proposals, so that they can continue to profit from betting on food prices.
It’s vital that the Commission hears from as many ordinary people as possible that strong and effective regulation is needed to prevent millions facing further hunger and deepening poverty.
The consultation closes on 2nd February, so take this action now and together let's send a resounding message to the European Commission that they need to stop bankers betting on hunger!
http://www.wdm.org.uk/food-speculation/consultation
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