French MEP Pierre Larrouturou on hunger strike in Brussels

French MEP Pierre Larrouturou (Envy of ecological and social Europe, S&D) began a hunger strike in Brussels on Wednesday to alert citizens to cuts to the European Union’s budget in the areas of climate and health and obtain an ambitious tax on financial transactions.

I am going to stay in Parliament day and night without eating, to denounce this scandal: people are not aware of it, but we are heading towards a situation where there will be almost no more money for the climate, health, nothing serious for the job“in the next European budget,” said the Socialist MEP, elected since 2019.

A speculation tax that will bring in 50 billion euros per year

“You and I, when we do our shopping, everyone pays at least 6% VAT, even the poorest, to help finance public services, but today in the financial markets, it’s 0.0 % taxes on speculation! “

“I am fed up with the double speech of Mr. Macron or Ms. Merkel who say they want a more ambitious budget but who do not agree to negotiate on this idea. […] My goal is a tax which will bring in 50 billion euros per year in a year or two “.

The only solution is to increase the EU’s own resources with a real tax on financial transactions, which would allow the recovery plan to be reimbursed, while financing health and the climate.“, insists Pierre Larrouturou.

The European Parliament has been fighting in recent weeks with the Council (Member States) to revise upwards certain envelopes in the EU’s next multiannual budget, covering the period 2021-2027. MEPs are demanding an additional 39 billion for several programs, from education to research, slashed in the States’ proposal.

Parliament also wants the Council to commit to the introduction of new European own resources in the coming years, ie sources of direct funding for the EU budget. For example, a tax on financial transactions is mentioned, but it is still necessary to define what it will cover precisely.

If we don’t tax speculation, the European Green Deal is dead

If we don’t tax speculation, the European Green Deal is dead […] the fine words on the climate law, and the creation of green jobs, all of this will go unheeded, and lead us to a dead planet“, Pierre Larrouturou explained in a speech in Parliament where he announced his hunger strike.


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