25.10.2012 - 09:17 [ Keep Talking Greece ]

German FinMin Wants Greece’s Tax & VAT Revenues in Escrow Account (Full Text)

The e-mail sent by German Finance Ministry State Secretary Thomas Steffen landed in the inbox of Greek Finance Ministry last Saturday, Greek media report. In an unprecedented attack of self-complacent and arrogance, Germany was asking Greeks to create an escrow account into which Lenders’ loan tranches but also Greece’s revenues from taxes and Value Added Tax would be deposited.