the euro

Commentary & Opinion
11:13 am
Wed March 27, 2013

Herbert London: Taxing Bank Depositors In Cyprus

Legislators in the tax-haven island of Cyprus have rejected the draconian bank deposit tax defying German leader Angela Merkel. While the protestors danced in the street after the vote, this could be a pyrric victory. President Putin threatened to withdraw a $3.2 billion loan if the Merkel proposal were embraced, a condition that might have influenced the final tally.

Read more
Commentary & Opinion
12:27 pm
Wed May 23, 2012

Herbert London: European Future on The Ropes

 

Based on the accumulation of recent reports, Europe is among the “walking dead.” The recent elections in Greece and France indicate that the respective populations are resistant to austerity measures. Despite insolvency, or in France’s case the prospect of insolvency, Europeans are so committed to their entitlements, they won’t give them up. Claims that a higher millionaire tax will offset the deficit provides a frission for socialists, but does little to offset the financial imbalance.

Read more