Violent protests against the hated Equitalia, the Italian tax collection agency, are making headlines in several cities in the past few days. In Rome mail bombings have been ongoing since December. Via Google Translate, this time in Italian, please consider a trio of articles.
Splintering and dissent continues in a major way as Christian Noyer, head of the Bank of France, attacks the fiscal rating of the UK following a negative outlook review of France by the rating agencies. In Portugal, socialists talk openly of default as a weapon.
Portuguese Socialists Threaten "Economic Atomic Bomb"
Credit Suisse has agreed a €150 million settlement with the Public Prosecutor’s Office in Düsseldorf, Germany, the parties having reached an agreement over client tax evasion issues.
The entire proceedings, which involve allegations that the bank’s staff helped customers hide their wealth, will be resolved by the one-off payment, to be booked this quarter, and Credit Suisse says it welcomes the outcome in preference to a “complex and prolonged” legal dispute.