Poker bluffing secret
When germanophones finance ministers meet in Luxembourg on Sunday Valentine, is to declare their mutual love? / Delphine Dard
No, there is unlikely. For even if the subject of discussions should remain more or less secret and if Germany, Austria, Switzerland and Liechtenstein came yesterday to meet in Luxembourg Luc Frieden invitation, but rather to discuss their disenchantment caused by the secret … Banking precisely.
Austria, Luxembourg, Switzerland and Liechtenstein have one thing in common: their banking secrecy. As for Germany, it embodies in itself a threat to the secrecy that has wiped almost a year ago Liechtenstein brandishing lists of tax evaders refugees in Vaduz. Today, it threatens to do the same with lists stolen in Switzerland. By this afternoon snow, the five countries instead of prating about tea most certainly have started an odd game of poker.
Germany has good cards in hand with its lists very dissuasive for Switzerland. Austria, she teamed behind Luxembourg to try to save part of banking secrecy in Europe.
In this section, Luxembourg plays conciliators he brandished the card of financial cooperation to keep his last bit of secrecy and also uses the sympathy card as Luc Frieden and his German counterpart Wolfgang Schauble know each other well.
The problem with poker is that the share of bluffing is important in the game While Germany threatened Switzerland with its lists of names, the latter followed from Vaduz, now threatens to reveal names of politicians who have or have had hidden accounts in Switzerland or foundations secret in Vaduz. In short the game is tough and threatening to leave the names to all-will is not reassuring for Austria and Luxembourg.
To defuse all that, it is likely that Luxembourg has kindly asked Switzerland and Germany to play cards on the table to analyze the situation objectively.
And after? It is unlikely that Wolfgang Schauble make concessions, which he said Saturday in the German press that his “compassion for people who regularly cheat the tax by putting their fortune in another country is in any case limited.
The Swiss finance minister, Hans-Rudolf Merz, can also easily transfer without putting all his people back. Indeed, a poll published yesterday morning in the Swiss daily Le Matin revealed that 62% of the Swiss refuse to see the abolition of bank secrecy. It will however make a good decision because the Swiss government is expected to decide on the issue of banking secrecy February 24 and his decision will undoubtedly be followed closely by Germany and the other players present yesterday afternoon at the table .
Then, the clash will he be?
Hard to say since the outcome of this game of poker “informal” should remain secret.
But in any case, the five countries have an incentive to quickly find and whatever solution. For while they dither, bank accounts emptied in favor of financial markets more exotic, more remote and less watching.
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