Peter's Viewpoint

My blog spot, my mind, your time, and hope for the better

Germany Terrorizes Countries Leaving the EU

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German Occupation Will Continue Using the EuroGermany's control of European growth through austerity is in its own favor as it controls the majority of business services and factory production.

Every country in the EU has increased VAT taxes to over 20 percent except Germany which is at 19 percent.  This alone has provided more business to Germany especially for countries that are at the 25 percent level through purchases over the Internet.

I know this for a fact because I ordered a piece of equipment that I found was available here in Athens for about 500 Euros excluding the 24% VAT tax.  Additionally, I asked the dealer to provide a quote for shipping which came to 15 Euros, as I did not want to carry the item from the central Athens market to my home.  At the same time, I ventured to the German Amazon site and found the same item for slightly less amount with the VAT tax of 19%.  The shipping from Germany by a known courier service was nine (9) Euros, believe it or not.

Nowadays it has become extremely difficult for anyone in Greece to make purchases from Europe due to the capital controls stopping credit card transactions.

In the Greek newspaper the BHMA, the business section PROGRESS (ANAPTYXH) this past Sunday there was an article about a study of who would lose if any country considers leaving the EU as Britain has done.

Of course Portugal and Greece would be the top contenders if they decide to leave the EU because they would incur losses of around 50% by returning to their original currency.

The least loss would be Germany roughly losing around 5% which shows that once again they have nothing to fear.

All of the above is why the European Union is a failure.  It was started as an economic union to provide global business throughout Europe which was being conducted even before the EU was establish.

Today the markets are in chaos as more and more businesses have migrated into Germany because of lower taxes along with more Europeans who are immigrating there because they can no longer find work in their own countries.

I do not know the origins of the Greek article but I believe that with France now entering the arena of economic downfall, that this article and its analysis was produced in northern Europe.

Here is a glimpse of the chart.

Greece and Greeks already know the economic brutality that I am sure is felt by other southern European countries, so I welcome the rest of Europe to join us soon as misery loves company!

Reference:

The following is an article on what Europe has done to destroy Greece.

Open Letter to the People of Greece: You Are Being Slaughtered before the World’s Eyes

Another article from the Economist - Leaving the euro would be devilishly difficult

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