Does Italy really need another new tax? Seemingly, yes it does. Well, the economy doesn't, but the Government surely does. National Statistical Office figures show that Italy's tax-to-GDP ratio exceeded 50 percent in the fourth quarter... Read Full Article »
After the narrow defeat of Nicolas Sarkozy by Francois Hollande, France is in for another round of big spending government heroin. A lost opportunity just as Sarkozy, by no means a fiscal conservative, seemed to see the light. During his campaign, he even replied to Hollande's calls for a 'European growth pact', a euphemism for 'Let others pay the bill of our welfare state', that "The only way for France to recover control over its destiny is to repay its debts." Read Full Article »
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