France comes up with another potent fix to its economic debacle. Hilarity ensues.
It was all a big fat lie, and everybody – except retail investors – was in on it.
Spain tried to protect its mainstream media by attacking alternative websites and bloggers with a “Google tax.” Now Google has answered.
Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.
But no worries, the ECB’s desperate backdoor bailout keeps Italy afloat.
Extreme wealth is not just subject to virtually no tax; it is a magnet for public funds.
“Punishment Interest” Germans call it with Teutonic precision. Bank: “Just stop saving.”
“We are crushed by our country’s debt.”
There are a lot of tax havens in Europe. But they pale against the power of the City of London.
While the Rajoy government fiddles in its culture of corruption, the people simmer with anger, and Spain is about to enter a whole new world of pain.