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ranbotrader
Member since May 2012
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has posted a comment on the article :

Why Europe must end in tears

- Alasdair Macleod - Finance and Eco.

"Italy: they must bite the bullet on government finances and permit capital to be redeployed from moribund businesses to new dynamic entrepreneurial activities."

The private sector is not going to build roads, provide hospitals, schools, police, etc. for Italian society? Only to the rich my friend.

The greater problem is forcing multinationals, big business and the rich to PAY THEIR TAXES. These entities abuse offshore tax shelters and tax laws which their own lobbyists legislate for them whilst excluding average citizens from being able to access these corrupt 'laws'. This tax avoidance then strips money from governments and causes the deficits which are now crippling most of the developed world.

Whilst this article is pretty comprehensive it avoids analysis of the heart of the problem and focusses on one pet cause.

Commented 2896 days ago

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Beginning of the headline :The latest consequence of economic mismanagement in Europe was the failed attempt at constitutional reform in Italy this week.The Italian people have had enough of their government’s economic failure, and is refusing to give it more power.The EU and the euro project have been an economic disaster for all participants, including Germany, which will eventually be forced to write off the hard-earned savings she has lent to other Eurozone members. We know, with absolute certainty, that the euro will... Read More

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