Category: EU

EU loses 200 billion euros per year because of tax fraud

EUROPEAN UNION loses about 200 billion euros in tax revenues annually due to fraud and error, according to the European Commission.“The amount of value added tax (VAT) that is lost is unacceptable, especially since the impact of that money would strengthen public finances,” said EU Commissioner for Tax Policy Algirdas Šemeta. According to research by the…

Should Greece skip EU presidency?

From January 1th 2014, next six-month presidency of the European Union should be in the hands of Greece. Those who don´t agree with that decision are two German MPs who said to the Bild that they believe that Greece should skip the EU presidency, which cost 100 million euros. Christian-Democrat Klaus-Peter Willsch believes that Greece…

Britain’s faction could break up EU?

The UK hostile approach to EU might eventually break up the European Union. At least plans for a referendum in 2017 are indicating so. “The eurozone is integrating more deeply and more rapidly out of necessity. The UK has chosen to remain outside the euro with a clear opt out. The UK’s support for deeper…

Police has been shut down “European Spring” in Brussels

As you can see from the picture, many citizens are protesting against European union austerity policies. Austerity continues to harm and many people feel that their rights are being more and more smashed. That’s the main reason why those “protests” come along. However, the Brussels police have been taken action and over 30 people are…