The flat tax countries are under a growing pressure to revert their flat tax reforms and necessary fiscal consolidation is used as an excuse for such requests.
Now, we are interested in the Italian election. The crisis ends. The new sick man of Europe. Draghi will take care. The situation in Spain is electrifying.
The thing that was really important was how much money each of the leaders brings (in the so called “envelope”) to their countries, and not the answer to the question – where will Europe be in 2020?
INESS – the Institute of Economic and Social Studies has processed the available data about investment subsidies and published a policy paper Investment subsidies – creation of new wealth or just redistribution of the existing?
EU officers are angry. European banks came up with interesting news. If you want a house in Spain, you have a great chance now, supply increases. Illicit money scandal also in the Spanish government.
Spain has definitely become a time bomb. The official GDP is predicted to decline 2% in each of the two following years pushing unemployment probably over 28% and public debt from 88% to 110% of GDP.