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Articoli recenti su Ireland / Britain Economy
ECB gives banks 6,250 years worth of Household Tax
Wednesday the European Central Bank (ECB) gave out 530 billion euros in 3-year term loans to the private banks of the Eurozone. Together with the 490 billion they doled out last December, that's over 1 trillion euros. If pigs could fly and politicians never lied and every household in the country was magically able to pay the hated Household Tax, the total receipt would be 160 million euro. At that rate, it would take 6,250 years to amount to 1 trillion. It would also take 20 years to amount to the 3.2 billion euros the state are handing over to the Anglo bondholders on the 31st March coming.
So the next time government ministers appear on TV, wringing their hands saying, sure we know it's awful unpopular, but we really have no alternative, we just have to pay this tax, otherwise the world will fall apart for want on money, remember that the ECB can create thousands of years worth, at the click of a button, whenever the mood suits them.