The use of the green loan in Belgium can still be greatly encouraged, said NBBL (Natural Bond Organization Better Environment). Although the union has so far a success is, there is still much improvement.

The green loan can be obtained from the bank after the government 1.5% of the interest on accounts. The applicant for the loan borrowed money must be used for sustainable investment, such as solar panels, insulation or a solar water heater. The union argues that Belgium is considerably lagging behind in terms of insulation and durability.

In the Netherlands there are similar initiatives, the end of last year there was a green car which the ING loan introduced. When consumers get a lower interest rate, ING to buy a car with an energy label A, B or C.

A green loan can close on the purchase of solar panels. The government will help out in this case a portion of the interest on the loan stand to take. Asks the bank say 5% interest, and the government takes their 1.5% in itself is perpetuating the borrower only 3.5% interest. On top of a time advantage of the mortgage, which can rise to 52% (depending on the disk where the income is paid), so the interest for the borrower to walk back to about 2%

Despite these benefits will not be green loans for each loan applicant a success. The strict conditions of the green loan can cause problems for many. Therefore fit many loans or only partially under green loans. It is certainly important for consumers to act in closing the loan right to be informed about the terms of this particular loan.

For over a year, investors require interest rates ever higher to lend money to Athens. But Greece is not alone in Danger: the rates made by the different degree of trust accorded to each state borrower. While Germany enjoys favorable conditions, Ireland, Italy, Portugal and Spain, like Greece, must pay a “risk premium” .
European aid “to preserve financial stability”

In response to market speculation, the euro area is threatened. If member states of the Union agree to a rescue plan is mainly to protect themselves.

“Our responsiveness imperative because it is the stability of the euro area is at stake for the first time in its history” and declared May 3 Christine Lagarde, French Minister of Economy.

On the night of 3 to 4 May 2010, the French National Assembly voted a loan of 16.8 billion euros over three years to Greece. (Of a total 80 billion euros promised by the European Union, in addition to another $ 30 billion proposed by the International Monetary Fund).

But if a majority in parliament approved the text, the elected Socialist disagreed with the interest rate provided the loan at 5%. In effect, this money will be lent itself borrowed by the French state at a rate of about 3%.

“The rate is problematic because it is believed that between punishing a country and help, he must finally choose” (J. Cahuzac, socialist president of the Committee on Finance).

Some already denouncing a plan to save cost for lifeguards. Others think that this could be the first in a long list.
Support in exchange for serious efforts

Greece agrees to implement an austerity plan and savings.

“We urge the government to implement” measures to make budgetary savings “rigorous and determined” (Herman Van Rompuy, President of the European Council).

Greek Prime Minister Andreas Papandreou G. has already planned a draconian “Patriotism today means that we must all help the country out of crisis and civil servants must set an example”.

Among the measures adopted:

* Freeze wages for public service
* 10% decrease in premiums,
* Decrease of 30% overtime
* Stop hiring in many sectors in 2010
* Raising the legal age of retirement.

Strikes and manisfestations

Although 64% of Greeks approve these decisions (Kapa Research poll, daily To Vima), trade unions of civil servants do not décolèrent. They denounced the “unfair and inefficient sacrifices.

What followed was a major strike involving employees of the administration, health, education and transport. Some complain of a situation which aims to preserve the interests of big business and call for sacrifices to the bankers, ship owners and large corporations.
A social model undermined

Greece is known for its large civil service. In 1880, she held the state bureaucracy, the largest in Europe (214 staff per 10,000 population, against 176 in France, 126 in Germany and 73 in Great Britain). E, 2010, 80% of public expenditures are for salaries and pensions of civil servants (“Bankruptcy Greek economic model” Takis Michas. Post. 29/04/10).

According Effy Tselikas correspondent in Athens newspaper Liberation, “the government is unable to quantify exactly the size of the civil service”.

The compensation principles are vague: 50 different premiums, 13th and 14th month, the possibilities of “small” retirement after 15 years of service or “great” after 35 years.

But here as elsewhere, the officials are not the less affluent and their legendary privilege of “job security” is being undermined.

Given the state of our public finances, control of expenditure is not enough, so we must address the revenue side, but there are niches!

To say much of niches, our canine friends must ask themselves why their teachers as interested in their habitat, so true is it that makes it both ways under the term.

16 loopholes in the tax trap alone half the cost for public finances, a colossal sum of about 61 billion, above the national education budget. But what are those most frequently economic utility.

Thus, he goes for the two most expensive devices: reduced VAT for maintenance in housing, which supports the construction industry and the research tax credit that helps innovation.

Side households: half the cost of tax loopholes concerns tax cuts on income. It includes the premium for employment, the benefits of life insurance or the tax cut for working as employees at home.

Suffice to say that these niches are very popular among the French! In addition, certain devices have become political symbols untouchable, like reduced VAT in restaurants. Finally, addressing the benefits of retired not straightforward!

To avoid the worst abuses – some taxpayers paying more tax because of all these devices – the Parliament capped niches end of 2008. He then reduced that limit last year. A taxpayer can not reduce income taxes by using loopholes in the tax beyond an amount equal to 20 000 plus 8% of its taxable income. And almost all the devices are now individually capped. Including niches overseas.

But reducing the niche 2 billion per year is a task far more difficult.
Two competing options. Gilles Carrez, the UMP rapporteur of the Finance Committee in Parliament, hopes all planing devices 5% to 10%. The rate of tax reduction for the employment of an employee at home happen for example 50% to 45%. Bercy wishes to address the niches with the least sense.

Elysee Matignon and the referee did not, but it remains doubtful about the heterogeneity of what is called “niche tax. Is this a way to trivialize the real abuse?

As if we did not have enough problems, the crisis we face underlines situations as complex as funny in the Euro area, and more generally in deL’Europe. Once again, divisions and tensions out in the open!

The crisis is really responsible?
Yes and no, because obviously there are situations that were before the crisis, which they do reveal that, unfortunately … This raises, for anyone interested in so little European affairs, the question of where val’Europe?

Yes, undoubtedly, the crisis has forced the European states to intervene extensively, first to the rescue of European and global financial system and, secondly, to try to stop a major economic depression and pourl’Europe world.

Yes, these massive interventions have cost and will be extremely expensive European public finances, and should not be a “great scholar” to understand that we have not finished paying the consequences. No doubt that is the European social model which will, most, the.

Yes, finally, our economies will suffer from the disastrous state of our public finances, which obviously severely penalize us when the economic recovery that we will hope to return one day. The danger of an economic stall del’Europe is not to be underestimated …

The Greek case became part of the iceberg, takes a severe disorder on the ability of Europe to implement economic governance, if not political … and able not only to coordinate the 27 member countries, but also to control them.

So, no, the crisis does not, by itself, the responsibility for the situation. Successive Greek governments have opted for a disastrous headlong rush, probably imagining that the solidarity of play up in their favor, and allow the moment to regroup.

No, Greece is not the only patient of Europe, Italy is also in trouble and suffers the same ills of Greece. Including the importance of moonlighting, as the concealment from the tax authorities and other social levies.

Not at last because the Eurozone is not a homogeneous assembly of countries with economies or societal structures comparable. Who can see Greece, Slovenia, Cyprus, Malta or Slovakia equivalence with Germany, the United Kingdom or France?

The crisis, not simply provide evidence that tax distortions as social in the Euro area, revealed management practices of “public affairs” diametrically opposed to the mores of big countries, hence the vehement anger of Germans .

The European Commission drove the nail last week recalling the order, including Germany, the United Kingdom and France for their excessive deficits … and ordered to restore order in leursfinances public, stoking resentment among each other.

The European Commission does not believe in the capacity of Member States in reducing their deficits within the time specified by each of them to return to famous 3% deficit. The measures imposed parl’Europe to Greece may well be one day soon, requested all, which would not be without serious social and political consequences for the countries concerned.

In these circumstances, in 2011, when the needs of public and private including the United States are enormous, Europe and the Euro could be seriously abused especially if they offered the world the spectacle of political disunity.

In such a case, it would be a danger that financial flows are then the path of the United States and Asia, leaving Europe permanently weakened and battered.