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Changing the rules

The daily Evenimentul Zilei writes: "The level of enthusiasm varies. ... Germany is already in the midst of a recession and could argue that different countries are in different situations at the moment. ... The EU Commission, on the other hand, wants to boost consumption and has recommended cutting VAT on certain products. The UK has already announced a tax cut (and at the same time an income tax increase of up to 45 percent for the wealthy). The other major economies of the EU don't want to follow suit. France has pointed out that prices are already falling so that there's no need to cut VAT. Germany recently increased VAT to balance its budget. Budget stability was one of the prerequisites Berlin insisted on when the euro was introduced. But if you want the economy to start growing again you have to change the rules."

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