Der grosse Knüppel

The big stick (actually, a Knüppel is a blackjack or sap). This week’s breathtaking breakthroughs in offshore accounting EU reform initiatives are said to have only been made possible by help from the USA, which used its very big stick of threatening to cut off uncooperative countries from the financial Mecca that is Wall Street.

Before the offshore data leak was published on 04 Apr 2013, it was Luxemburg and Austria versus 25 EU Member States regarding offshore anonymity, and now Austria is standing alone, which EU countries describe as being “isolated” and fear more than US Americans might expect.

(Dare   GROSS ah   c’nupp ell.)

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