The question of
whether the euro, as a single currency, dividing Europe and should be abolished
really comes down to how to deal with the gap between strong economies such as
France and Germany and weak economies such as Portugal, Italy, and Greece who
doesn’t really deserve high values of Euro. Both the proposition and the
opposition seem to acknowledge the fact that there is indeed some serious
problem as we witnessed in the failure of Greek Economy. Therefore the
proposition was kind enough to propose a number of alternatives and possible
solutions. Firstly, the Euro Zone could defend the euro no matter what costs,
secondly, Greek and voluntarily drop out of the Euro Zone or announce default,
or thirdly, some leading economies of the Euro Zone, or at least a few nations
that maintain a relatively stable economy simultaneously drop out of the Euro
zone and create their own new currency, with other nations using Euro as they
did. However, the proposition himself had to suggest some standards of each
plans due to the severity and sensitivity of the issue. On the other hand the
opposition believes bold measures of 17 independent government is good enough
to overcome the crisis, and lack of central government is what exacerbates the
situation.
21 May 2013
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