Ahead of G20 Meet, Protesters Hold Alternative Summit in France

    Ahead of the annual summit of G-20 leaders and officials in Cannes, France, thousands of anti-globalization and anti-capitalism protesters have organized an alternative “people’s forum” in the nearby city of Nice.

    The protesters include individuals as well as representatives from charities, trade unions and non-governmental organizations such Oxfam and Greenpeace. Their key demands include elimination of tax havens, regulation of the world’s financial system and imposition of taxes on financial transactions as an alternative source of development and climate finance, France 24 reports.

    French President Nicolas Sarkozy, the host of this year’s summit, has previously voiced support for imposition of such tax, dubbed “Robinhood Tax.” Germany is also in favor of taxing financial transactions, according to The Star.

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    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.