December 12th, 2011
IThe Heads of State and Government of the Euro zone have taken a bit of everything, and the derived medicine, certainly not merely a placebo, is apparently indeed become a valuable sedative. As such, they also correspond to the emergency.For so-called euro crisis was no crisis of the beginning of the euro, whose existence was endangered at any time. She was in the past weeks and months, no longer solely a debt crisis that it is undoubtedly at the core. Someone has spoken of a media crisis and this has brought something essential not overly polemical in the foreground: The population of this prosperous country has of what this crisis is supposedly brings to Worse to express nothing, literally seen nothing himself or herself experienced, but in a telephone survey, only 72 percent, one can hardly believe it: 72 percent, of the opinion announced that its currency, the euro, have no future. This was in fact simultaneously depressing – and bizarre.
Media scientists will come up with something clever, as it was explained. You will find inglorious actors to colleagues from the front of the economists do not overlook the fact that their simpler fellow citizens had to tell what they have in their meritorious trips to the perimeter of the thinkable everything picked out badly, which is suitable for being afraid. Not even the actors from the front, where the formulation has a significant opinion rightful place among the so-called quality newspapers. With a veritable campaign against rules and practice of the European Monetary Union was the one who eventually marched in front, which keeps most of this.
If something is bottomless, one may hope that a few things enough so that it is proving to be bottomless – and disappears. In the case of the bottomless part of the so-called Euro-crisis, which is a product of public opinion, could the little that the package of measures the summit of 21 € July has already decided the added, perhaps play this role.
Once we take the wording aside, the leaders of the Euro zone, with their rejection of a large section of debt remained near their old base line. To this basic line is: Even a country that has become overly indebted, must repay its debts in full, sooner or later. And for a country like Greece, where it apparently lacking in fundamental ways to competitiveness, the root of a real problem-solving always changing in the country – will be seen, not in what comes of outside help – change the economic and social structure. Effective assistance, so indispensable they may be, is always merely ancillary strictement conditionally. A country with a healthy market economy reflexes, which comes from exogenous reasons or in a moment of levity in a financial crisis, one can perhaps through debt cancellation plus “Marshall Plan” to help successfully to get back on their feet – if the round- Invitation to new frivolity that can be seen in it, not afraid. In Greece is not just this fear, but also the necessity, the country is expected for many years to hold on the rocky road that leads to sufficient competitiveness, as much competitiveness that the country can not survive only with no new government debt, but also the old can not repay. To the production of such discipline are no major inputs, such as it represented a radical cut debt in question. Cut debt, et cetera are invasions of the circulatory accountant of a reorganization, not the ideas of strategists.