As the nations of Spain and Italy begin to reap the financial mistakes they have sewn the ECB (European Central Bank) has stepped in, and with their support there will be temporary relief. Europe needs to stand with solidarity to overcome their current financial debacle, however it needs to come about through change as well as financial assistance. The European model of conduct financially and politically is long overdue for an overhaul, and until this occurs there will be trouble. The EU must take care to move forward with their budget always in mind, or the Euro will fall against majors on the online forex exchange. If the European union should continue to suffer as it has been there will sure be some trouble ahead, and the world as a whole is going to suffer.
The EU needs to begin making their austerity measures truly worth while, and not succumb
to privatization. So long as keeping socialized medicine as a top priority remains a reality there will continue to be huge deficits, and no one is going to continue investing in their bonds. EU bonds have become almost as toxic as the bonds contained by their individual components, and this is due to France especially buying into the European problem to the point of crippling itself. This has not been lost on many who dismissing the entire group of countries altogether, and at this point there does not seem to be much (if any) real hope for them to turn it around. There has to be a move from talk and conjecture into stone-cold numbers and financial data for trust to re-emerge.
The EU needs to do a great many things to salvage its financial image, and to date they have only put off the inevitable. This has lead to a recent drop against the US dollar and other majors, and this does not seem to be something that will be changing any time soon. Europe has a lot of trouble on the horizon with a partial Greek default, trouble in Spain, Italy, Portugal, and still other countries. The entire union seems to be in some stage of crisis, and without a complete change in lifestyle it is not going to change. While there are still a couple countries standing in a good financial light in the EU something has better change, because if not the EU will become the world's next bargain bin.
The EU needs to begin making their austerity measures truly worth while, and not succumb
to privatization. So long as keeping socialized medicine as a top priority remains a reality there will continue to be huge deficits, and no one is going to continue investing in their bonds. EU bonds have become almost as toxic as the bonds contained by their individual components, and this is due to France especially buying into the European problem to the point of crippling itself. This has not been lost on many who dismissing the entire group of countries altogether, and at this point there does not seem to be much (if any) real hope for them to turn it around. There has to be a move from talk and conjecture into stone-cold numbers and financial data for trust to re-emerge.
The EU needs to do a great many things to salvage its financial image, and to date they have only put off the inevitable. This has lead to a recent drop against the US dollar and other majors, and this does not seem to be something that will be changing any time soon. Europe has a lot of trouble on the horizon with a partial Greek default, trouble in Spain, Italy, Portugal, and still other countries. The entire union seems to be in some stage of crisis, and without a complete change in lifestyle it is not going to change. While there are still a couple countries standing in a good financial light in the EU something has better change, because if not the EU will become the world's next bargain bin.
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