Greens will promote the levying of a Financial Transaction Tax on cross border speculative currency exchanges. This will have a positive effect by helping to control the volatility of financial markets and giving national governments greater control of internal taxes. Income from this tax, projected at 100-300 US billion dollars, can be used to finance development projects, including implementation of the Millennium Goals.

Greens all over the world commit themselves to pressure their respective parliaments and governments to follow Belgium’s example by enacting a financial transaction tax as a first step in enforcing the Millennium Goals’ required multilateral cooperation. The potential funds should be allocated to help turn the tide towards a global solution for the problems of the 21st century. The financial resources generated should be mobilized as mentioned to comply with the Millennium Goals, to fight against diseases and poverty as well as to adapt to and mitigate the effects of global warming.

Greens denounce the danger of international financial speculation for the world economy. It is unfair and unsustainable to use public budgets to wipe out crises resulting from financial deregulation and the consequences linked to short term profits.