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EU Calls Displays Economic Stupidity at its Finest

Nightowl872 Wrote: Mar 06, 2013 9:46 AM
The world has no choice-- taxes, like the EU VAT, has to be used. It isn't a full answer but there actually is no such thing, it just delays the final ending. VAT was used in the USA during world war !!. Some mighty high rates!!I I think they went up to 80%.

The sheer stupidity out of nannycrats in Brussels is staggering. Smack in the midst of a depression, Brussels once again calls on Spain to hike taxes. Via Google translate from El Economista ...

The European Commission today called on Spain to restrict the application of the reduced VAT rate and raise fuel taxes to reduce the deficit, and continue reforms in the labor and pensions, delaying the effective retirement...