Germany wants to force all EU member states to steal from savers' accounts

The Germans are trying to get an agreement to force all EU countries to adopt the Cypriot model of stealing peoples' savings to bail out failing banks.

We're from the ECB, we'd like the make a withdrawal

There was a lot of anger in Cyprus and around the world when the EU instructed the Cypriot government to freeze bank accounts and steal anything over €100k to pay its share of an EU bailout.  The Russians were particularly unhappy as they had invested heavily in Cyprus following the Russian government's decision to bail Cyprus out so they could avoid EU austerity.  It was this Russian bail out that resulted in the particularly punishing and degrading terms of the bail out Cyprus had to get from the EU when it was unable, under EU law, to give Russia preferential creditor status to secure more funding.

At the time, the Germans said they wanted the Cypriot method of stealing money off citizens and cancelling bonds owned by investors such as pension funds and charities to be the blueprint for future bailouts.  They backtracked when it was reported in the media and was widely condemned but have been quietly pushing for it behind the scenes.

Talks have been held in Luxembourg which have come to nothing with the Irish finance minister describing them as chaotic but €urozone finance ministers will meet again on Wednesday to try and get agreement.  The German plan is to create a €500bn bailout fund made available only to eurozone countries but the rules requiring the theft of savers' money to shore up failing banks will apply to all.

Hector the EU tax inspector?

The European Empire wants details of our bank accounts, wages and taxes to be shared with other member states to tackle VAT fraud.

The proposals that are being put forward by the Imperial Tax Commissioner would allow any member state to be able to access bank account details (including individual transactions) and tax and salary details for any "EU citizen", supposedly for the purposes of combating VAT fraud.

VAT fraud is of particular interest to the European Empire because VAT receipts are one of the measures used to calculate how much our annual contribution to the imperial budget should be. This is why there is a lower limit of 15% on VAT and why the European Empire has severely restricted the number of items that can be rated at zero VAT.

UKIP MEP, Godfrey Bloom, said:

The idea that the Government is prepared to hand over personal data to Brussels is chilling. Time and time again the state seems to think the answer to every problem is a new database. Then they lose or give away our data.

It's a well known fact that most large scale fraud and theft of this type of data is committed from within the organisation in question. You can protect against outside threats with firewalls and physical security and password protection but they're all useless when someone who has legitimate access to that data decides to steal or mis-use it. Giving millions* of people across the EU access to UK tax and bank account details will increase that risk an inconceivable amount - not only will more people have access to the data but leaks will also be harder to find making stealing it lower risk.

* The combined workforce of every government agency involved with tax in every member state runs into the millions. HM Revenue & Customs employs about 100,000 people alone.