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I think once they floated the idea they screwed themselves. Part of what values the world currencies is faith in the system. Who is going to leave their money in the bank? They may try something again.
So we'll see if this manages to stave off the biggest bank run of all time - guess time will soon tell...
Of course they voted it down. Round one had to be a no vote. They will act tough and sa we are defending our citizens. The EU will then look at them and say what else do you propose seeing you have no other choices to raise money. They will move around some numbers on the deposit tax and tell their voters sorry we didnt have a choice, this was the best deal we could make, but the rest of the EU is forcing it on us.
This is a political situation today, economics will follow down the road.
Our healthcare costs too much because the insurance companies are in bed with government. (That's called Fascism) AND we are Subsidizing the medical care of the rest of the world. (Check the cost of meds even in first world places such as Canada... And I'm not talking about the end user.)
As to Defense Department: Go back and look at original intent and the Constitution.
Not much other than a LIMITED military (Not the world police) post office etc.
NoFacism has the governamnt controlig both the insurance and the profits they make. N dout we are subsidising mu7ch of the medical area of the world has we do 70% of medical and drug research around the world. We alos have nm massive susidised medical care which drives insurance rates for those who buy insurance.I thnik pewopole forget that taxpayers in other countries pay a huge amount to support one payer system like most sopcial programs and that its a large part of their problems now.Without people creating welath to tax it does not work in the end because you turn more and more to fewer and fewer whcih makes them uncompetitive in the end.
NoFacism has the governamnt controlig both the insurance and the profits they make. N dout we are subsidising mu7ch of the medical area of the world has we do 70% of medical and drug research around the world. We alos have nm massive susidised medical care which drives insurance rates for those who buy insurance.I thnik pewopole forget that taxpayers in other countries pay a huge amount to support one payer system like most sopcial programs and that its a large part of their problems now.Without people creating welath to tax it does not work in the end because you turn more and more to fewer and fewer whcih makes them uncompetitive in the end.
Now they are looking at Plan B and nationalizing pensions is on the table and then a smaller tax on bank deposits.
If they nationalize pensions that will give them about $3 billion Euro.
Governments are getting desperate in their quest for money and it looks like nothing will be left sacred.
Now they are looking at Plan B and nationalizing pensions is on the table and then a smaller tax on bank deposits.
If they nationalize pensions that will give them about $3 billion Euro.
Governments are getting desperate in their quest for money and it looks like nothing will be left sacred.
most places now only accept cash-how long could most citizens last with no notice that their banks were shutting down and freezing accounts?
if they "nationalize" the pensions, there will be even less accountability. why do solutions always seem to involve stealing from somebody else?
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