Germans call from Cyprus to take money from the oligarchs, not the pensioners

In Germany, politicians and experts supported the idea of ​​tax on contributions of more than 100,000 euros, but sharply criticized the Cypriot Parliament created the "National Solidarity Fund."

Impose a one-time collection of deposits over 100,000 euros and not impose any special tax on savings deposits of small investors - is the most appropriate way to save the banking system of Cyprus and the conditions for financial assistance from the EU in the amount of 10 billion euros. This is the opinion of many German politicians and experts commenting on persistent search for a way out of the Cyprus crisis.


For dumping taxes and high interest rates will have to pay

For this option, in particular, stands the former German foreign minister, the head of the Social Democratic faction in the Bundestag, Frank-Walter Steinmeier (Frank-Walter Steinmeier). He believes that in Cyprus "is quite possible to tax the largest single state more than 100 thousand euros, which have grown over the years due to dumping tax rates and a high percentage."

At the same time touch the savings of small investors - is taboo, said Frank-Walter Steinmeier said in an interview with the media group WAZ, published on Saturday, March 23. His statement clearly reflects the common position of the opposition Social Democrats, who together with the other parties have to approve or reject the German parliament Cyprus allocation of financial assistance in case of Nicosia and Brussels can agree.

Draw account holders in Cyprus to the rescue of the banking sector of the island and called for a board member of the European Central Bank Joerg Asmussen (Jorg Asmussen). "Just give money to this country - this option will not receive political support", - he said in an interview with Saturday's edition of the newspaper Tageszeitung. Contribute to solving the problem is to make himself Cyprus.

ECB gives OK

This can be done through privatization, but proceeds, apparently, is not enough, continued Joerg Asmussen. Therefore, the representative of Germany in the leadership of the ECB supports the idea of ​​a "one-off levy on contributions." He stressed that the headquarters of the central bank is very positive about the model, which provides an exemption from this special tax small investors.

A similar view is shared by Professor Max Otte (Max Otte). In an interview with radio station Deutschlandradio Kultur-known economist said that the seizure in Cyprus with 20 percent of deposits in excess of 100,000 euros, it would be "highly tselosoobraznym", and pointed to the over-hyped the Cypriot banking sector, which is "precisely because so swollen that there there are a lot of illegal money and a lot of runaway capital. "

At the same time Max Otte has criticized the decision by the Parliament of Cyprus on Friday, March 22, the decision to establish a "National Solidarity Fund." Prospective ways to replenish the professor believes socially unjust and also unrealistic. Particularly sharp economist opposed involvement in the fund of the Cypriot pension funds. He believes that it is - an attempt to get his hands on the money of the middle class and the poor.

Party Bundestag against the "National Solidarity Fund"

Even before the vote in the Cyprus Parliament the idea of ​​attracting pension savings to the problems of the banking sector subjected to harsh criticism, German Chancellor Angela Merkel (Angela Merkel). She spoke strongly against the nationalization of pension funds, media reported on Friday, members of private meetings of the ruling parties, which participated in the German leader. The position of the largest in the Bundestag, the CDU / CSU announced its leader Volker Kauder (Volker Kauder): "For us, unacceptable for people to use pensions as collateral."

So, if you have created in Cyprus "National Solidarity Fund" in its current form will become part of an agreement between Nicosia and Brussels on the allocation of financial aid to the island, the German Bundestag has such an agreement almost unanimously reject. This is in fact confirmed on Saturday in an interview with Frankfurter Allgemeine Sonntagszeitung co opposition parliamentary faction of "green" Juergen Trittin (Jürgen Trittin).

"If the government of Cyprus is going to use pension savings of employees telecommunications company, so as to protect the status of the Russian oligarchs, then we have no choice but to reject it," - said the former minister. He called for "halving the Cypriot banking sector," to strengthen the fight against money laundering and to end tax dumping. "And those who still have profited from such orders, should impose a charge and thus attract the financing of salvation" - demanded Juergen Trittin.