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The struggle to keep afloat the eurozone

posted on: Dec 7 2011 9:29 by RDugey. Viewed 12 times.

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Tomorrow could lose the elections in Germany, but that no one can criticize him is the international role of Angela Merkel has played to keep European Union afloat. Fight, has fought and will continue to fight because this agency, created after many efforts, no be scuttled.

With the French President, Nicolas Sarkozy, the head of the German Government has developed a plan that could control the future of economic relations within the European Union itself, making painful decisions in these cases,.

On Friday, the region's leaders meet to discuss those measures necessary to avoid an economic meltdown that could affect the world.

One of the most difficult to maintain is that the Nations remain under strong budgetary discipline, in which countries must sign an agreement and legislate independently, on staying under the 3% of the gross domestic product figure.

The u000abiggest fear is that the current makeup of 27 countries, changed to just 17.

The reason is that they should have laws which "impose budgetary balance", and who can not keep it, should be made out.

In other words, only those who can keep the commitment may continue to be in the Union. And what will happen to those who sign and do not meet it? The answer is "automatic sanctions". Germany "wanted to that bad students sitting on the bench of the European Court of Justice, that Paris rejected on behalf of a pirncipio of national sovereignty,".

Another point to keep in mind is that the European Central Bank "will not buy massively debt of countries in difficulty".

Seeing in the mirror, especially in Greece, until now the huge injection of money that has been done does not mean, necessarily, this country will overcome the crisis widely announced.

In addition, must not lose sight that u000aParis, Berlin and London seek to restrict external shocks to their domestic economies do not fall into a true slope.

This problem has put in doubt if the renunciation of local to adapt to the euro coins was a truly appropriate decision.

For United Kingdom, already Prime Minister David Cameron declared himself "willing to not sign a new (EU) Treaty if does not contain adequate for their country".

Finally and after all, nobody will maintain an enterprise Union in a company whose perspective is that it will be only in the short and long term losses.



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