President Francois Hollande of France vows for the ‘eradiction’ of tax havens around the world. Hollande has promised a battle against “excesses of money, greed and secret finance”.
It was recently discovered that his fellow Socialist party member and ex-Budget Minister Jerome Cahuzac had a secret Swiss account holding 600,000 euros. Lying about his financial affairs has now led to his expulsion.
Hollande’s statement comes at a time when respect for French politicians is at an all time low following scandal after scandal.
Do you think his vow to eradicate tax havens will follow through?