Ethics and governance in the European Financial centers

German Finance Minister Peer Steinbruck warned in interview that is published by Sunday's edition of Bild newspaper that Germany might "complicate the business movements" against Liechtenstein if it didn't cooperate in the fight against tax fraud. He also launched a challenge to other European tax havens practising banking secrecy : "It's not just Liechtenstein, we're also talking about Switzerland, Luxembourg or Austria," he added.

Read original interview in German


A country cannot base its groth on banking secrecy, tax evasion and frauds in general.