Would relatively low tax countries accept this?
what the eurozone really needs is to start cutting damn taxes and stop being quasi-socialist.
Also I don't see the Euro remaining as storng as it has over the next year really. Our interest rates are rising its only inevitable that the dollar regains some strength. At least I hope heh, Im studying abroad in europe next spring and I'd really like the dollar to be back on par with the Euro, itd make thisgs significantly cheaper. Hope its back to about 80 cents or so to the Euro by late May that would be great for my trip abroad then, although again the higher dollar-euro value would be even better than simply 80 cents heh.
A german friend tells me that the older german's have a lot of money, but won't spend it because they don't consume a lot because things are so expensive..so it sits in the bank.
They don't invest much in stocks.
The friend is buying a condo near Munich..the price is less than any near a major city in the US, even at today's Euro rate.
Business's won't hire people due to the high cost of benefits and the inability to fire..or they hire on a contract basis if they must.