Eurofisc against eurofrauds
In an attempt to crack down on VAT (TVA) fraud, the European Commission is considering plans to create a European database allowing national authorities to access taxpayer data in other countries, reports euobserver.com. The "Eurofisc" scheme would aim to prevent "carousel" fraud, whereby a person buys VAT-free goods in one country and sells them on VAT-included conditions in another, pocketing the tax. It is estimated that Europe's governments lose up to €200bn-€250bn in VAT receipts per year, equivalent to 10%. Although this move would take the strain off EU strained public budgets, it could face tough opposition from national governments. An EU executive added that strict rules would have to be agreeed before the potentially controversial database were introduced, as unanimous endorsement of the plan is required across all 27 countries.
In a time of crisis with high unemployment, young Lithuanians are following in the footsteps of their emigrant ancestors. Tens of thousands have left the country in search of a better life, mainly in the British Isles and Scandinavia. The weekly Veidas reports: 
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Agree to new austerity measures or risk being kicked out of the eurozone: that’s the alternative presented to Athens on the day the euro group is meeting. It’s a situation Greek politicians have failed to avoid, regrets To Vima.