War Coming to the Heart of Europe?
November 28, 2012 - 4:20pm
Switzerland is becoming politically isolated in Europe. The country got a big slap in the face from Germany this week. The German Upper House refused to accept a settlement offer from the Swiss government over the very messy matter of German tax cheats, and their accounts with Swiss Banks. A bit of history: - The US Justice Department took on the Swiss over banking secrecy four-years ago. The DOJ used a very big club. The deal was that the Swiss would give up the “Names” of account holders, if they did not, they would have to close up all business in the USA. So the Swiss government, on behalf of their banks, folded like a cheap suit in the rain. - Then all of the countries in the EU wanted a similar deal as the US. They wanted Names, so they could prosecute them at home. The Swiss balked, knowing that if they caved, the domestic private bankers ...
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