Forgetting the merits of different taxes & cut...What do poeple think will actually happen in the coming months? Do people think that we will default, be bailed out by the ECB Stabilisation fund, or the gentlement in the white coats, aka the IMF, will come in?
I think we'll have a tough budget to try and satisfy Europe, but sometime in Q1 we will run out of cash. I don't see the IMF coming in, but rather the EU Stabilisation fund being used. I think the conditions attached for this will mean savage government spending cuts - particularly in the PS numbers and pay rates, as well as reducing social welfare. Income taxes will also rise, but I think the EU knows that without a corp tax of 12.5% they will never get their money back so this will be left alone for now.
Thoughts?
I think we'll have a tough budget to try and satisfy Europe, but sometime in Q1 we will run out of cash. I don't see the IMF coming in, but rather the EU Stabilisation fund being used. I think the conditions attached for this will mean savage government spending cuts - particularly in the PS numbers and pay rates, as well as reducing social welfare. Income taxes will also rise, but I think the EU knows that without a corp tax of 12.5% they will never get their money back so this will be left alone for now.
Thoughts?