English
The latest monthly report of the Bundesbank should come as a shock to those that promote the idea of a European "spring" after the crisis of the last few years.
Optimistic forecasts concerning the imminent recovery of the economies in the Eurozone have been already done for a few months now, especially those of Southern Europe. They have been accompanied by numerous official statements, which showed that no further financial aid was needed for the countries such as Greece.
But it would seem that Greeks did not get the memo that they should be optimistic. An article on GreekReporter.com shows that the Center for Planning and Economic Studies came up with a "revolutionary" proposal to eradicate unemployment. This involves hiring youngsters up to 24 years old to work for free for a year and the "export" to other European markets of those who can't find jobs. Could slavery be a solution, perhaps the last one to the crisis which is affecting the European countries on the outskirts of the Eurozone?
But it's not just about slavery. The monthly report of the Bundesbank from January 2014 follows in the footsteps of the International Monetary Fund, which evaluates the option to tax citizens' wealth in order to reduce public debt.
The quota proposed by the IMF was 10%. The Bundesbank does not mention how much should be confiscated out of the citizens' wealth before the bankrupt countries would be forced to ask for foreign aid.
The monthly report of the Central Bank of Germany states that "a tax levied on individual fortunes honors the principle of national responsibility, which requires the taxpayers to take on the liabilities of the government, before resorting to the solidarity of other states".
How bad is the situation in Europe, if even the Bundesbank comes up with this kind of "solutions"? And how can you ask the population for part of their wealth, when their opinion is disregarded by the authorities and any idea for a referendum gets buried in the European "democracies"?
It is true however, that the Bundesbank is only proposing the application of the tax in exceptional cases, according to Reuters, due to the significant risks it involves.
The negative effects this kind of tax would have on economic growth is the reason why the Bundesbank has opposed its implementation in Germany. But it will be the political effects that will truly be disastrous for what is left of the "European Union".
In spite of this, the German Central Bank considers that "a single tax levied on individual wealth can have a greater success than other relevant options", according to an article by Bloomberg. "If the tax is applied to the wealth accumulated in the past, and its one time nature is credible, then citizens will have major difficulty avoiding it in the short term", the monthly report of the Bundesbank also writes.
Does that mean that the European authorities have reached the point where no principle matters any more and it's all down to finding the most convenient way to rob their "subjects"?
In whose name and for what ideal?
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