Imagine a world in which up to one half of a country’s gross domestic product (GDP) was not taxed. Imagine capitalist investors and heads of companies escaping the long-handed reach of state coffers, thereby avoiding their due contribution of hundreds of millions of dollars to the very citizenry that helped create their wealth to begin with.
The past year has been a most tumultuous one for the nations of the Eurozone, from the sunny shores of debt-ridden Greece to her disgruntled northern neighbors. The seventeen-member union has approached the brink of disaster and backed down seemingly several times a day for months, exhausting lenders and spectators, while inciting political unrest throughout the region.
The situation has grown so dire that it has forced Berlusconi, who has dominated Italian politics for decades and survived over 50 votes of confidence, to announce that he will resign after austerity measures are passed.
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