7 June: "To recapitulate... Three decisions have now put € 580 billion of EU citizens’ money on the line (almost the size of the GDP of the Netherlands), plus half as much promised by the IMF. Monumental decisions are taken between governments of the Euro
The proposed financial transaction tax should be better designed to capture more traders and make evasion unprofitable, said the European Parliament in its opinion adopted on Wednesday. The opinion also says the tax should go ahead even if only some Member States opt for it. The tax rates proposed by the Commission (0.1% for shares and bonds and 0.01% for derivatives) are considered suitable and pension funds should be the only sector exempted from the tax
TED June 2013 ; papandreou prime minister 2010, decisions on austerity, greece triggered the eurocrises; but greece was only a symptom; our democracies trapped by systems too big to fail ("the markets"); I relised that we were lead by our fears which lead to blind ffaith in orthodoxy