By Dr. Rainer Zitelmann on 2012/05/29The pressure to introduce Euro bonds keeps mounting. (Nearly) all other political forces are in favour of it, and Angela Merkel the only one opposing it (so far).
By Dr. Rainer Zitelmann on 2012/05/14“I don’t like the rich” the new French President said verbatim. The planned introduction of a 75% income tax for personal incomes of a million euros or more reflects this antipathy, and it is a sentiment that Hollande shares with many other politicians. The French income tax is supplemented by a net worth tax, a so-called habitation tax, a property […]
By Dr. Rainer Zitelmann on 2012/05/07It would come as no surprise to me if it turned out that the euro got under massive pressure today. For the so-called euro bailout is courting disaster: with billions and billions spent to save Greece, the Greek go ahead and cast their ballots for extremist parties in large numbers. In fact, the extreme left has become the second-strongest party […]