Quote:
Originally Posted by Puhbear69
The most workplaces are in the tourism industry. Second place is some dockyards to ships repairs.
The secondary workplaces are in banks, what means offshore Banks. But with the European wide vigilance system this should being dried out soon or later.
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I am doubtful that EU vigilance will have any effect on off-shore banking in a territory which is outside the EU. I do not expect off-shore banking to disappear in Switzerland or Lichtenstein, or even Monaco and Andorra and Sam Marino. Not to mention Luxembourg.
The best deterrant is likely to be bank crashes which the respective jurisdictions find too big to control, as happened in Cyprus. I doubt if the Cyprus banking sector will ever again be trusted after the "haircuts" which customers, many of them totally innocent and legitimate businesses, were made to suffer there.