SKD Frankfurt Forum: German taxpayer“s money for Europe – How the taxpayer can make the best of the bad job of the Euro crisis

Frankfurt

The clash of the Greek national budget has strongly hit the whole Euro-zone, worriers warned who could be the next Greece. The use of gigantic bail-out credits is supposed to prevent a total financial collapse of Greece and is furthermore supposed to reestablish stability among the Euro-States.
Germany“s share of the aid pledge is going to be at least hefty 22.4 billion Euros – taking the notorious clamy German national budget into account, this sum leads to the question where the money is actually coming from!?!
Monika Fauser, CEO of SKD Frankfurt, says: „Unfortunately it is very likely that there will be an additional burden for the German taxpayer due to the high credit guarantees for Greece. In any case this will happen through the back-door in the form of inflation.“
So how will this happen? As we already heard the European Central Bank is back in crisis mode, now buying lots of government debt, engaging in much more expansionary policy and so accepting the resulting inflation. As the experts from SKD Frankfurt see it, inflation is the most likely way out of this problem as politicians will not accept the unthinkable: Greece or any other country leaving the Euro. Single Euro-countries are not able to devalue their currencies as they would have done in former times to become more competitive, so inflation will be the way to go.
SKD Frankfurt CEO Monika Fauser recommends to knock measures off to reduce the individual tax burden and hedging against inflation at the same time: „A promising strategy to do so is the investment in tax optimized tangible assets. Tax optimized tangible assets like investments in renewable energy or real estate provide for saving taxes, which in turn are devoted to the personal formation of wealth at the same time.“
To make a long story short: Tax saving is the most crisis-proven way to personal wealth.