Catalonia’s vote for independence and the power of symbols

Although the polling has no legal force, the officers were all volunteers, and the election might be illegal, Catalans voted on 9 November. And the outcome was quite clear-cut. As expected the vote resulted in an overwhelming secessionist victory, with 80.7 percent of 2.25 million Catalans who participated in the referendum voting in favor of […]

EU: Tax evasion and fraud flourish under political protection

It is a disgrace for the European Union’s political elite to consciously block the internal exchange of information between the member states authorities and banks on matters related to tax evasion and fraud. This is exactly what the 27 EU minister of Finance did yesterday in the Ecofin Council in Brussels. This unbelievable political decision […]

Eurozone: The cycle of deficits, debts and austerity revisited

A European Union Member State’s government budget deficit may not exceed -3 % of its gross domestic product (GDP), while its debt may not exceed 60 % of GDP. If a Member State does not respect these limits, the so-called excessive deficit procedure is triggered. The procedures against member states for excessive deficit or debt […]