The EU could help the poorest countries of the world to recover from the consequences of the COVID-19 pandemic by taxing financial transactions, both on and off the stock exchange.
The COVID-19 pandemic has not only health consequences: it is likely to be followed by the worst economic crisis in almost a century. Tax revenues have fallen dramatically in many countries. Worldwide, this crisis could push an additional 100 million people into extreme poverty and leave 270 million people facing...
Martina Nuti
More than two years after the first proposal, three inconclusive summits, a global pandemic, a revised proposal, five counter-proposals, and a European Council meeting that lasted four days and nights, EU leaders reached a deal on the EU long-term budget and the newly created recovery fund to tackle the socio-economic impacts of the COVID crisis in the early hours on 21 July.
Good news? Well, it’s great that EU leaders were able to converge, but in the process of reaching...