where the streets have no name

Of course Luxembourg belongs to the group of problem countries

by on nov.25, 2013, under japan

Luxembourg minister says Germany seeks euro zone hegemony

BERLIN, Canada Goose Online March 26 (Reuters) Luxembourg foreign minister accused Germany on Tuesday of for hegemony in the euro zone by telling Cyprus what business model it should pursue.

Like Cyprus, Luxembourg has a buy canada goose jacket cheap large financial sector, whose comparatively light touch tax and regulatory canada goose clearance regime has canada goose uk outlet long uk canada goose outlet irked its much bigger neighbors Germany and France.

Germany, canada goose uk black friday the European Union biggest and most powerful canada goose coats on sale economy, canada goose clearance sale had insisted that wealthy depositors Canada Goose Outlet in canada goose coats Cyprus banks contribute to the island bailout and said the crisis has killed a model based on low taxes and attracting large foreign deposits.

does not have the right to canada goose factory sale decide on the business model for other countries in the EU, canada goose Foreign Minister Jean Asselborn told buy canada goose jacket Reuters. must not be the uk canada goose case that under the cover of financially technical issues other countries are cheap canada goose uk choked.

cannot be that Germany, France and Britain say need financial centers in these three big countries and others must canadian goose jacket stop

That was against the internal market and European solidarity, Canada Goose online and for hegemony, which is wrong and un European, he said.

Cyprus had faced bankruptcy Canada Goose Jackets and possible ejection from the euro zone without a rescue deal with international lenders that was finally sealed in the early hours of Monday and included a clause penalizing large bank depositors.

Cypriot canada goose store banks remained closed on canada goose uk shop Tuesday due to fears of a run on deposits and Canada Goose Coats On Sale were not expected to reopen until Thursday.

The Cyprus crisis has revived criticism of Germany in parts of the euro zone, especially the austerity battered south where voters and commentators have long complained of what they see as Berlin domineering attitude and insensitivity canada goose black friday sale to their pain.

But criticism from core northern states cheap Canada Goose such as Luxembourg a canada goose outlet founder member of the EU and euro zone is less common.

COUNTRIES Asselborn said it was crucial that smaller EU states in particular were allowed to develop certain economic niches.

Germany should also keep in mind it was a prime beneficiary of the euro zone crisis because its borrowing costs have plunged as nervous investors seek safe havens, Canada Goose sale Asselborn added.

The tough stance on the banking and taxation policies of countries such as Cyprus crosses Germany political divide.

On Tuesday, Joachim Poss, deputy leader of the main opposition Social Democrats in parliament, said the EU must insist on reforms in other financial centers guilty of dumping in the euro zone such as Luxembourg, Malta and Ireland.

Responding to Asselborn comments, Poss said: the long term no business model can be tolerated Canada https://www.canadagoosejacketsalesca.co.uk Goose Parka in a market economy that circumvents fair competition. Of course Luxembourg belongs to the group of problem countries.

German politicians have stepped up their attacks on tax evasion ahead of federal elections in September.


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