Feeding the Financial Hype

A new report, Feeding the Financial Hype, is released by SOMO. The report highlights growing evidence that dramatically increased financial investments in commodity derivatives markets over recent years have caused food prices to soar. This has a negative impact on the poorest people, who spend up to 80 percent of their income on food. SOMO calls on European governments to respect the precautionary principle enshrined in the Lisbon Treaty and to act decisively to bring back financial speculation in commodity derivatives markets. The European Parliament currently has an opportunity to do just this by strengthening the proposed Markets in Financial Instruments Directive and Regulation (MiFID and MiFIR).

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Nonprofits & Activism

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• Feeding
• the
• Financial
• Hype