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Italy to Raise Taxes to Satisfy Brussels – Why the Euro Will Fail

From armstrongeconomics.com

The European Union (EU) has been pushing Italy for a very long time to reduce its deficit. Of course, governments are never capable of reducing their own expenditure. This results going in only one direction – raising taxes. Prime Minister Paolo Gentiloni had to agree on the concrete measures. The bill is now being discussed in Parliament, which has 60 days to pass. Italy has the second highest debt in the Eurozone after Greece. This is why the EU is doomed. There will never be any reform that addresses the people. It is always about raising taxes to maintain government power and to hell with the people. The upcoming ... (full story)

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