Savings being taxed in Cyprus or triangular flapjack being banned at a school. Hmmm, I think I'll go for the tax issue. It seems that when you put money into a bank you are 'investing' in that institution whilst the ordinary European in the Strasse/Rue etc. will think that he has 'savings' not 'investments'. A quick look at my own bank's website reveals much talk about savings, although they do touch on investments, so I don't suppose there will be another mis-selling scandal yet. I understand that the Cypriot banks were giving much higher interest rates than the market could stand and hence the problems with the banking that they have now. What I can't understand is how such a simple mechanism (interests on savings/investments) could carry on at too high a rate without someone spotting quite early on that it was not sustainable. I suppose someone did spot it, was on a good bonus/backhander or similar and turned a blind eye. Allegedly. That last word added in case the Leveson press regulation includes my blog.
OK, here's something about flapjack - a school in Essex has discovered that a child threw a triangular piece of flapjack that injured another child and therefore have banned triangular flapjack, making sure that it is cut into squares from now on. There's not enough space to comment on all the elements of this story, but it just shows how dangerous flapjack can be.
..and why did they cut it into triangles in the first place? Asking for trouble.
No comments:
Post a Comment