News, personal thoughts and other stuff that I am interested in. Served as an elected Regional Finance Convenor for London Unison. Accredited rep. Employee Relations practitioner with 28 years of on the job experience. Support Water Aid.
nick venedi
Monday, 18 March 2013
Start with Cyprus
Well it was obvious that the Troika ( the Mafia that controls the EU ) would chose one of the smallest states in the EU to start the experiment with paying for the bankers mistake. The relatively small economy of Cyprus is seen as a safe ground to test whether other country members of the Euro would put up with forcing their citizens to pay up to 10% of their savings into tax to rescue the disasters created by the banks. Spain, Portugal and Greece will no doubt follow after that. It is ludicrous that people who may have saved for years and had their savings taxed in the first place will now have to pay an additional tax. This is not the way to manage a political and monetary union!
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