I couldn’t help thinking today, given reports of some Cypriots taking 80% ‘haircuts’ on their savings, that the least that the well-paid eurocrats in Brussels could do would be pitch in to help Cyprus by taking a haircut on their own salaries. After all, it’s their fault, this latest fiasco.
I don’t know what the likes of Rompuy and Barroso earn per annum, but I’d expect it was €350,000/year, if not more.
From the Telegraph:
A study released by the Open Europe think tank, which wants to control the influence and scale of the EU, has found that 170,000 people now work for EU institutions.
For instance, Christine Lagarde (not really EU, but part of the eurocracy):
As head of the IMF she is paid a salary of £350,000 which — wait for it — is tax-free. Some Greeks do not pay tax. Neither does she.
For example, an EU civil servant with a few years experience and two children (at level AD 10) has a net take home pay of 8,810 per month. Out of his gross pay, he has only had to pay 570 euro in tax and to compound the insult, he does not have to pay VAT on a car or household goods. For a fantastic health insurance scheme, the EU bureaucrat has only to pay only 1.7 % of his salary, a measly 134 euro. No wonder many of these people are screaming for “more Europe”. What they really want is “more money” for themselves.
I make that over €100,000/year!
So how about they dig in their own pockets, and pull out €100,000 here, and €100,000 there? And given there are thousands of bureaucrats working in Brussels on bloated salaries, how about they all take a €10,000 haircut?
There are are 170,000 of these rich bureaucrats, and most of them seem to be earning enough (tax-free) to be able to easily afford to cough up €10,000 each, which would come to €1.7 billion. With the big fish adding in €100,000 each, they could easily push it up to €2 billion. Maybe more.
And then Barroso or Rompuy could fly to Cyprus with a big sack of euros, and stand on the airport tarmac and say something like, “It was us berks in Brussels who bankrupted your banks, and made beggars of thousands of you Cypriots. It was our incompetence that led to that. And so the very least we could do was to have a whip-around from everyone who works in the EU, including me. Because we were all guilty, me particularly. And so here it is – $3 billion out of our own pockets – just to show solidarity with the Cypriot people, and a helping European hand in this big family of ours. Now, don’t all rush at once…”
I wonder if something like that would ever happen? It would be rather heart-warming if it did.
But you sort of know that it’s not going to happen. And instead they’ll be asking for another pay rise in a few months. There’s no ‘solidarity’ at all. It’s everyone for himself. Which is another reason why it’s the end of the EU.