"Canada and the E.U. should continue to support a type of economy which profits more than just the privileged few."
What the EU Court of Auditors found was that, even though the public were paying €1.5 billion for cost overruns, they were also providing investors with returns of up to 14 per cent.
CETA was passed with no evidence whatsoever of any benefit arising for the people of either the EU or Canada. CETA is good because it is good, and it is good because it is good. One can hear more sophisticated reasoning in almost any kindergarten class.
Ottawa (15 Feb. 2017) — The CETA Scorecard stands at Multinational Corporations 1, the People 0. But the game isn’t nearly over.
Advocates for the financial transaction tax (FTT) see this as a great step forward. However, while there is now a political agreement for the 10 countries to proceed, campaigners see that there is a lot of work still needed to translate this into Robin Hood tax spending to protect jobs, boost employment and improve and save lives in poorer parts of the world.