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UGent Biblio

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Matches in UGent Biblio for { ?s ?p Commercial media bring daily figures in bold of the extremely bad situation of the Belgian public finances. It looks similar to the shock therapy of Milton Friedman. But the figures ignore important data: the megaloans to failing banks; continuous support to business of 11,5-13,5 billion (notional intrest waver; social security contributions a.o.). Tax fraud not including corporate tax, is estimated at 20 billion. Net profits of Belgian corporations total over 14 billion in 2009. Financial experts are reluctant about novel taxes such as on property. Belgian and european politicians plead for austerity measures. But the Chinese government, Nobelprize Paul Krugman, and prof. Paul De Grauwe point to the risk of a novel crisis if wages and government spending are reduced now.. }

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