Wealth Tax To Pay For EU Bail-Outs
” Senior advisers to Chancellor Angela Merkel are pushing for better-off households to pay towards the cost of any future bail-outs for the weaker members of the single currency.
The proposals, from members of Germany’s council of economic experts, raise the prospect of taxes being imposed on property in a country like Spain if its government was forced to seek a bail-out.
The council, known as the “Five Wise Men”, is often used to test new policies that are later adopted officially.
The German suggestion is the latest sign that Berlin is intent on imposing even tougher rules on weaker southern euro members in exchange for using its economic might to support their finances.
As well as inflaming tensions between Germany and its smaller southern partners, the suggestion could also mean that Britons with holiday homes are dragged deeper into the eurozone crisis.”
Related articles
- Germany’s ‘Five-Wise-Men’ Confirm Wealth Tax Is Coming (rvnewstoday.com)
- Wealth tax to pay for EU bail-outs… (telegraph.co.uk)
- Nigel Farage: No need for Ukip if Thatcher had stayed in No 10 (telegraph.co.uk)
- “Wise Men” Propose Theft to Bail Out Banks (globaleconomicanalysis.blogspot.com)
- After Greece and Cyprus , inquiring minds wonder who is next on Germany’s hit list ? Austria and Luxembourg seem likely to face the orders of the German Taskmasters next – bank secrecy to be stripped away and their business models to be rendered like hogs (fredw-catharsisours.blogspot.com)
- “Wise Men” Propose Theft to Bail Out Banks (financialsurvivalnetwork.com)
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