Bankers speculating on food being restrained with hazard tape, outside the European Parliament (c) Lode Saidane

Actors dressed as bankers were restrained with hazard tape today in a stunt calling on EU negotiators to strengthen rules intended to curb the destructive practice of food speculation.

 

The protest by Friends of the Earth Europe, alongside development organisations FairFin, Oxfam, SOS Faim, World Development Movement and CNCD, comes at the start of crucial negotiations on proposed EU financial reforms known as MiFID (Markets in Financial Instruments Directive).

 

The organisations are calling on negotiators to close loopholes in the negotiating texts to prevent banks and financial investors from driving-up food prices through food speculation.

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