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Anorak | How the New Europe Really Works: Germany Calling The Shots

How the New Europe Really Works: Germany Calling The Shots

by | 18th, November 2011

THIS is just a lovely little story telling us all how the New Europe, the much improved and extra special wonderful Europe, really works .

THE GOVERNMENT has complained to the European Commission over the release in Germany of a document disclosing confidential details about new taxes to be introduced in Ireland over the next two years.

In a deeply embarrassing development the document identifying austerity measures of €3.8 billion in next month’s budget and €3.5 billion in budget 2013 was made public after being shown to the finance committee of the German Bundestag yesterday.

The document, seen by The Irish Times , confirms the Government plans to raise VAT by 2 percentage points to 23 per cent, which would generate €670 million. Next month’s budget would also contain a €100 a year household charge, yielding €160 million, it says.

Doesn’t sound like all that much really, does it? Except this is the German Parliament reading the Irish budget. Well, OK, it still doesn’t sound like all that

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Posted: 18th, November 2011 | In: Key Posts, Money Comments (4) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink