Marchionne on Eurobonds, VAT and assets

"Any tax increase will have an impact on cars and consumption." Thus, arriving at the meeting in Rimini, the CEO of Fiat, Sergio Marchionne, replied to those who asked him if a possible increase in VAT could have effects on a car market that has appeared to be down in recent weeks. Regarding the controversial hypothesis of issuing Eurobonds to guarantee the debts of weak European Union countries, the number one of Fiat replied: “I don't think there are other solutions to the problem. It is a complicated matter but I believe that if there is no sharing of risks between the EU countries I don't know how we can go forward. I am willing to do anything to help ”the country“ if the objective is clear ”, Marchionne said who, when asked about the need or otherwise of a tax on large estates, he replied:“ You have to ask Montezemolo ”.