Sunday Independent Stupid Statement of the Week August 25, 2013Posted by Garibaldy in Sunday Independent Stupid Statement of the Week.
Ladies and gentlemen, Planet Marc Coleman.
During the last five years the ECB gaveth. But from 2015 and for at least two years thereafter, the ECB will be in “taketh away” mode. As the ECB put money into our pockets, the Government took the money out. Even with the ECB’s helping hand, the effect of those tax hikes was awful, politically, economically and socially. New figures show mortgage arrears hitting crisis levels. Against this backdrop, further tax hikes occurring as the ECB begins raising rates could be simply unbearable.