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Saturday, March 21, 2015

Humor: European perspectives on tax evasion!

http://www.theguardian.com/business/2013/sep/08/coalition-battle-low-tax-jurisdictions-britain


If a British man keeps his money in a tax haven like the Isle of Man or the Channel Islands is a clever businessman. 







http://www.the-best-of-both-worlds.com/news.html

If a German man keeps his money in Switzerland or Luxembourg is a thrifter and reasonable investor. 









http://www.theguardian.com/business/2012/jun/03/bp-tnk-russia-joint-venture-oil


If a Russian man keeps his money in Cyprus is a mafia oil oligarch. 








https://lecartoonist.wordpress.com/2012/10/page/2/

If a Greek man keeps his money in Switzerland is a corrupt and lazy tax evader. 








http://www.theguardian.com/film/2013/jan/04/gerard-depardieu-club-russian-citizens

Finally when a French guy keeps his money in a tax haven like Monaco or Switzerland he is simply........ Gerard Depardieu...!!!

Friday, March 20, 2015

What are the "necessary" reforms that Europe demands of Greece?

http://www.balkaneu.com/steps-approach-overnight-thriller-brussels/
Apparently today there was another meeting in Brussels. EU leaders of Germany, France and the EU institutions met with Greek Prime Minister Alexis Tsipras on the sidelines of the EU Council at his request. 

Though Greece and its negotiation with international creditors was not on the summit’s formal agenda, Greece’s economic woes were ominous. (Independent Balkan News Agency).

Yet for the past few weeks prominent EU and European leaders, were complaining that Greece is not doing enough to keep up with the requested and necessary reforms. 

Pressure was mounting on the Greek leadership, while its partners grew increasingly annoyed and often offended by Mr. Tsipras and Mr. Varoufakis tactics, comments and "lack of action to keep up with the promises made". 

But what are the "necessary" reforms that the EU demands of Greece? The Greek and European public has been repeatedly informed about the "lack of reforms", but does any of us actually know what Greece's partners are asking?

Has anyone explained to the Greek people what is at stake? How do the EU and European leadership expect the Greeks to accept everything that need to be "reformed," if they don't tell us what we must do. 

All Europe is saying is literally "do as we say and we will give you more money". I can't recall any list of demands being made public, or any suggestions on which fields and in what manner Greece must proceed with its reforms.

If the Greeks must bare the austerity that Germany, the Troika and the ECB are imposing on them, shouldn't they at least be aware of what they will have to lose or gain?

The main demands evolve around privatization initiatives. If that is the sole case, then this is not an assistance, it is a black-mail to force Greece to sell out its natural resources.

The Greek state does not need necessarily this massive sell-out. What it needs to do, is to cut its red-tape so that the native entrepreneurs and foreign companies can do business easier and invest in the country.

It needs to tackle corruption and tax evasion and of course to set up a land registry. If these are the "reforms" that Europe is demanding, it is right to do so, but harsh austerity is not the best way to achieve them.

The more austerity, the more the Greeks are opposed to these reforms. They are a very rational race of people, they do not just obey laws without question.

Someone needs to explain to them what is happening and then they will condone; or not! But when the Greek and European leadership do not give them any credible feedback about the situation, then we are having a serious democratic deficit.

Shouldn't all Greek households, that are forced to endure six years of the harshest austerity seen in Europe for a long time, be informed about what their country is required to give up or sell out to Greece's partners?

Lack of communication leads to misunderstandings and it makes it more difficult for the Greeks to accept these unknown reforms. 

It is crucial to keep the pro-European sentiment among the Greek population, not make the situation worse with derogatory comments and constant negative criticism of Greece's democratically elected government.

What possibly is happening, is that the European establishment is determined to get rid of Syriza, before other leftist governments mushroom all over Europe. That would mean a disaster for them, their interests and the neo-liberal agenda they plan to apply across our continent.

https://twitter.com/ncilla/status/574587933010821122
They are working hard, by using propaganda and slandering Greece's Prime Minister and Minister of Finance, in order to discredit them and force them to call an election. 

The EU and European leadership are behind this plot. But it is not the average German citizen's fault, as it is not the average Greek or any other EU citizen's fault either. 

The continent's elites, represent these policies that want to shape a two tier Europe, a divided continent. Some poor, some rich and developed; periphery and core economies, North and South.

Such development won't be good for any worker across the continent, either in Greece, Germany, Ireland or any EU member state.

The Germans and the rest of the ordinary EU citizens need to understand that. The European elites just demand Greece to repay and save the European banks.

In my opinion all the fuss about these "necessary reforms," is nonsense. They don't really care about Greece or it's people, otherwise they would have heard their cries years ago, when they were calling that this austerity is unfair, unbearable and not justified.

It is privatizations that they want, little do they care about Greece's future. Because that future is not built on a massive debt that the country won't never be able to repay anyway. 

The EU and European leadership just want someone to take the blame for all that is wrong in the euro-zone and the European economy. They will never admit that they created a mess with everything, it is good enough to them that the Greeks take all the blame.

Yet it is encouraging though to see waves of support and solidarity from the average European citizens, across the EU, Germany included.

Recently riots took place in Frankfurt, demonstrating against the new ECB's head-quarters opening, while millions of ordinary people are facing austerity. It is more than heartening to see ordinary Germans, finally understanding that their government's policies, together with the EU's are not favoring ordinary people, in Greece, their country or elsewhere.

That was one the greatest displays of European solidarity in recent times, not the smokescreen of financial support that the European elites were trying to fool us with. Citizens must stand together. Now it is Greece; in the next crisis it could be your country. 

Friday, March 13, 2015

EU loses Iceland as a member, out of its myopic policies.

http://www.euronews.com/2015/03/12/iceland-drops-eu-membership-bid/
Iceland has dropped its bid to become a member of the EU.

Foreign Minister Gunnar Bragi Sveinsson said he had informed the current EU president Latvia as well as the European Commission about the move. (Euronews)

Who can blame them really. Why anyone would like to join a union, where the citizens are the ones who bailout the banks with their taxes, while being slandered on top of that if they protest.

The Icelanders jailed the bankers and did not gave them more powers, unlike the rest of Europe and America. The Icelandic way of dealing with the economic crisis, has conveniently slipped out the European media and in extend, the public opinion's attention.

Instead, the continent's media institutions, found joy in slandering the Greeks for complaining about austerity. In addition they focused in everything that was wrong in the country's economy and society, trying desperately to justify that the Greeks have to suffer for their laziness and corruption. 

The events that were taking place in Iceland on the other hand, were not mentioned by the mainstream media. 

Iceland's 38-year-old prime minister, Sigmundur Davíd Gunnlaugsson, elected in April on populist promises of mortgage relief for every homeowner. Syriza did exactly the same, yet it is being scorned and scolded by its European "partners".

Gunnlaugsson earned his spurs in years of outspoken campaigning against the foreign creditors, particularly the British and the Dutch governments, which intervened after the collapse of Landsbanki, the bank behind Icesave, on 7 October 2008.

A poisonous diplomatic row was sparked between Iceland, the Netherlands and Great Britain, that against the odds, Iceland won. While many other politicians in Iceland had urged a policy of appeasing the enraged British and Dutch governments, Gunnlaugsson had insisted they should go hang.

Having helped win the famous Icesave victory from outside government, Gunnlaugsson has promised to carry that uncompromising approach with him as prime minister, hinting at a new wave of attacks on the interests of foreign creditors to Iceland's three failed banks: Kaupthing, Glitnir and Landsbanki. 

Between them, these institutions had assets more than nine times the size of Iceland's economic output when they failed in 2008.

His attitude personally reminds me of the attitude or the Greek Minister of Finance, Yanis Varoufakis. Yet, since outside the EU, the Icelanders did not have to face the same pressure from their partners, through the EU institutions.

http://www.survivingiceland.com/event/67/
As result, the Icelanders are fast on their way back to becoming among the richest people in the world, just five years after experiencing one of the most dramatic financial meltdowns in history.

"We raised almost every tax there was – and introduced new ones," recalled the then finance minister, Steingrimur Sigfusson, adding that there were considerable cuts in public spending too as government debt swelled to eye-watering levels.

By August 2011, Iceland had graduated from its International Monetary Fund bailout program with flying colors. "We became a poster child for them," suggests Sigfusson, noting how the fund is still struggling to right many other sinking economies on Europe's peripheries.

Iceland is now held up as an example by some of how to overcome deep economic dislocation without undoing the social fabric.

Since then, with government borrowing receding, Iceland has been able to return to the international debt markets, and has begun repaying its emergency loans. Meanwhile, the economy – having shrunk more than 10% in two years – bounced in 2011 and 2012, and will grow by about 1.9% this year.

Nobel prize winner Joeseph Stilitz agrees. "What Iceland did was right. It would have been wrong to burden future generations with the mistakes of the financial system." For Financial Times economist Martin Wolf too, it was a triumph. "Iceland let the creditors of its banks hang. Ireland did not. Good for Iceland!" Less good, of course, for the foreign creditors. (The Guardian)

It is the obviously the attitude of Germany, it's satellite states and the EU institutions and the way they treat Greece and other nations under an EU/IMF bailout program, that put the Icelanders off EU membership. They do not need the rest of Europe anymore, they have proven they can make it on their own.

And not just that, but why would they put up with institutionalized bullying by their EU counterparts, that want to save their own banks and insure the maximum return for their bond holders? 

Iceland's case is a true example of a real patriotism and fully functioning democracy, where the leaders listen to their voters' needs and work hard for their interests. This is quite the opposite of what the former Greek government and many of their European counterparts were doing,

 Losing Iceland as a potential EU member, is a real loss for Europe, European democracy and the continent's dream for unification. European leaders, take not and hang your head in shame!