After Cyprus is Italy next for a deposit tax?

 

Well, the chief economist of Commerzbank thinks it would be a good idea. not so sure anyone outside whatever bubble hes in would agree but…

Speaking to Handelsblatt he noted that a 15% deposit tax would get the Italian debt ratio under 100%. So, here's the piece. read and make your own mind up. Remember this was last Friday when the Cypriot farrago was just beginning to break. Timing is of course everything…

http://translate.google.ie/translate?sl=auto&tl=en&u=http://www.handelsblatt.com/politik/international/brisante-daten-die-maer-von-den-klammen-krisenstaaten-seite-all/7931578-all.html

 

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