Legally Robbed

As I write, the Cypriot President is in Brussels trying to negotiate a deal to rescue his financially strapped country from bankruptcy.  The potential deal is thought to include a mandatory tax of 20% on those with savings over €100,000.  Last week the tax that was being agreed was 10% on all savings over €10,000 which amounts to legally sanctioned daylight robbery.

It’s an understatement to say people on the island are aren’t very pleased

Do As I Say…

Some people say bad things happen in 3s and it would certainly seem so for IMF Head, Christine Lagarde this week.

First, she told the Greeks off for not paying taxes then she compared the IMF to a payday loan company and finally it has been drawn to the attention of the public that in fact Christine Lagarde does not pay tax in her current role even though she earns more than the President of the United States (who does have to pay tax).

The most disturbing and telling of these three things

Hot Rabbit

Is anyone feeling slightly uncomfortable with some of the coverage of the rape allegation made against IMF Chief, Dominique Strauss-Kahn ?

A lot of the reports, particularly in the French press, relate to his innocence (well, for someone who is nicknamed Hot Rabbit and The Great Seducer, I think we should wait and see what happens).