The Crisis Group just informed the committee that the electronic devices are functioning again. However, it is known that the leak comes from a secret company with a huge amount of clients, which is connected with the Kaman islands, the Minister of Italy and also Italian Mafia. The prosecution of Italy has already made announcements and the Minister of Italy is wanted. The ECOFIN committee, expressed their frustration and they all decided to ameliorate the security aspect of the European Union. The Finance Minister of Italy asked to pass from theories to actions by the cooporation of the International authorities in order to solve this mystery and also check all Minister’s transactions.
As the procedure goes by, the Ministers come across with many things to investigate such as the criteria that set a transaction suspicious. The most heard ones were the fact that small bank accounts become rapidly massive, and also the examination of the owner of the account and the previous transactions he might persuaded.
They connected these transactions with terrorism. Some countries, more specifically Greece and Luxembourg, believe that by supporting terroristic governments that violate human rights is actually a way of financing illegal actions. However, Croatia and Germany disagreed and stated that what is absolutely needed is to strictly monitor everything, because sometimes as Portugal underlined terrorists use legal methods. When it comes to the taxes problematic, Croatia and Austria supported the control of the tax rates every country has, but the Minister of Malta, in addition, expressed his dissatisfaction, because he considers this action opposite to the national financing rules. Once again the proposals were too many and they couldn’t find a common strategy. We have to wait what’s going to happen tomorrow.
Vasiliki Katsarou, Journalist of ECOFIN, EU Focus
