FORTEZZA EUROPA: how Germany would like to refinance the recovery plan

the Recovery Plan, contrary to what Conte wants to sell, is not free, it is not free at all. Somehow it will have to be repaid and, since no one wants to increase the contributions that much at the state level, it is necessary to provide the Commission with "Own Resources", that is, literally, they are nothing but union taxes paid by its citizens .

What forms of taxation would the Germans and their finance minister Scholz like? Let's see what the newspaper Die Welt presents to us.

In June, the only tax approved was that of 80 cents per KG for non-recycled plastic, but, in principle, agreements were reached on a higher CO2 tax with the "Adaptation at the border", on its extension on sea and air transport, on a very vague tax, on financial transactions and on a tax on digital content. however everything has remained extremely vague and uncertain. Only plastic has a specific expiration date, January 1st 2021. everything else is postponed to 2022.

The “CO2 border adjustment” standards are nothing more than duties calculated by the commission on foreign productions imported into the EU, which are carried out with a high CO2 emission. Because we remember that the Union and Germany in particular are traversed by a real environmentalist religious extremism, not justified either by the most recent scientific studies or by logic, given that on this position the union is literally isolated in the world. Border adjustment is nothing more than duties which would isolate the Union market from the world market and which, in the end, would be paid by final consumers in the form of higher prices on products.

Some countries such as Sweden, the Netherlands and Finland, which rely heavily on world trade, are opposed to this tax precisely because it would isolate the European block making it more fragile, especially combined with a sharp increase in shipping costs due to the application of CO2. On the contrary, Germany, which has already delocalized much of its car production abroad in China, with this tool wants to create its own internal industrial reserve, its own "Fortress Europe", as it was said at other times, which is the unassailable internal market for its industrial production. This explains very well the ecological fanaticism, in favor of its own industry.

Meanwhile, Luxembourg and Ireland are opposed to the Digital Tax, which would damage the big tech companies that have taken up residence in these tax havens. However, the German plan is clear and Germany, which has already imposed the Green Deal, will continue tirelessly along this path, with the excuse of financing the Recovery Fund. Who will pay for all this? European citizens, especially those of the poorest countries, who will see their purchasing power severely cut.

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The article FORTEZZA EUROPA: how Germany would like to refinance the recovery plan comes from ScenariEconomici.it .

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This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/fortezza-europa-come-la-germania-vorrebbe-rifinanziare-il-recovery-plan/ on Wed, 26 Aug 2020 10:00:45 +0000.