Hit the Eject Button

As the Top of the Bailout Pops continues I will provide a useful summary of the single currency crisis so far:

Bailout received:

Portugal €78 billion

Italy N/A (yet)

Ireland € 77 billion

Euro Millions Lottery: Where Will it End?

Angela Merkel is certainly stubborn and Eurozone countries that are not in financial trouble have joined a growing chorus, including respected economists, that she is putting German interests ahead of Europe’s.

Virgin Tax Dodger

I’m sure you all know by now of the tax minimisation move by Virgin to Switzerland.  It is quite sad that another successful entrepreneur and self-appointed national treasure should find Britain a great place to live, work and do business but not to pay tax.

Would we all do the same if we had almost £3 billion in personal wealth?  Yes, the tax

Another Day, Another War

I don’t profess to know more than the real basics about this topic but why are the Euro zone countries declaring war on ratings agencies?  Just because they cannot manipulate private companies to do what they dictate, the Euro countries have decided to ‘clamp down’ on ratings agencies as some of them declared Greece to be in default in all but name and that Portugal’s bonds are like junk.