European Central Bank warns against higher taxes
With the leading French presidential candidate calling for higher taxes, this warning is unlikely to be heard. From the NY Times:
Ahead of crucial elections in France and Greece, Mario Draghi, the president of the European Central Bank, warned governments on Thursday that opting for the “easier road” of raising taxes to fill public coffers would not solve Europe’s problems.
Mr. Draghi said it was understandable that governments would be tempted to raise taxes “under extreme urgency,” but he emphasized that “past the urgency, this should be corrected,” especially in a European environment with “a high level of taxation.” . . .
Labels: EU, Taxes