‘Shocking’ Saxo Bank 2014 predictions: How real? — RT Business

‘Shocking’ Saxo Bank 2014 predictions: How real? — RT Business:

"Oil will slump to $80 per barrel, Europe’s strongest economy – Germany – will slip into recession – these are some of the 10 predictions for 2014 by Saxo Bank. RT has talked to the bank’s CEO Steen Jacobsen to find out how real some of them are.

EU wealth tax heralds return to a Soviet style economy
With growth rate remaining pretty flat the wealth tax of people with savings over 100, 000 euros will be enforced in a move for quality for all, as well in the effort to create a so-called “crisis safety pillow”.

Steen Jacobsen (SJ) - I think, it’s very likely. Already being tabled by the IMF as an indication of what’s needed in Europe. And what Europe needs of course as we’ve seen from the banking deal is to secure a certain amount of funds that can be used to recapitalize the banking system and overall support the weaker nations. So, the European economy has pretty much moved to a Soviet – style economy, the planned economy. And, I think, this would be the final straw confiscating wealth from Europeans."

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