Saturday 22 September 2012

Next move

It really is good news that the Government has rejected the 7% plus rise on income taxes. Now, the next question is: what will it do to further finance the public deficit - I hope that it is a serious effort on the area of state expenses reduction, and I pray that doesn't need to be as violent as I usually say. But it needs to sustainably reduce the gap on state income vs expenses, while helping to relaunch the economy. Which is not an easy move - to understate the challenge...

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