14.00 - 16.00: Panel I: “Putting the global financial transaction tax on the global political agenda. How and why?”
Guy RYDER, General Secretary of the International Trade Union Confederation (ITUC)
People are angry at the global financial system and they have every right to be. The growing awareness that much of the financial market activity is socially useless has put the spotlight on speculators. The question people are asking is a simple one; “what do the speculators contribute to society?” The FTT resonates with people as that rare concept: a popular tax.
While addressing these political concerns, the first panel of international politicians and experts will be invited to comment on the international political agenda and answer some key political questions that remain open: Why do we need a financial transaction tax? What should be its main characteristics? Should the scope of the FTT be global, regional or domestic? And perhaps the key question people want answered; what will the money be spent on?