Tuesday, November 29, 2011

REGULATORY SNOW AND TAXING MIRE: Mood in Euro-Zone Remains Gloomy - WSJ.com

Mood in Euro-Zone Remains Gloomy - WSJ.com

Where are the incentives in the Eurozone for entrepreneurs, investors or growth?

Rather than cut taxes to spur growth, taxes are raised.

Rather than cut regulations, the public unions are striking for more of the same.

It is still like an economic car stuck in the snow of bureaucratic regulation and mired in the drifts of high taxes with the only hope that there's a nearby gas pump to keep the engine running while it is being flooded with cheap credit in the hope that it can get away from the snow and mire.

Why not cut back the regulatory snow and taxing mire?

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