Will EU survive?

bob1408

Junior member
Messages
28
Likes
0
The latest EU agreement may be the source of more problems than solutions..

Do you think GB did the right thing by staying out of the latest agreement?

Do you see EU will eventually collapse?

Is this agreement result of Germany's desire to take over EU..

My views quite similar to the following article by Alan Posener, political correspondent, Die Welt, Germany.

"I think this deal is just another fix - and as it is going in the wrong direction it is not a good deal at all.

As there is no agreement of all 27 EU members - especially not Britain - we are heading for two different treaties within Europe, which will split. And all because Germany demanded treaty changes.

Why were these treaty changes necessary? We already have the so-called "debt brake" - it is the Maastricht Treaty. This has been agreed on by all 27 states - but has been broken again and again for the simple reason that the minute a country needs the money they will find it.

It is an exercise in futility - if Maastricht didn't work, why would this? To risk breaking up Europe for something that won't work seems counter-productive.

Though if anything this deal will make the crisis worse, I don't actually think the euro will go down the drain because a euro break-up would be worse than anything else. But I don't know for how long countries such as Greece and Italy can take these austerity measures.

It seems to me that it is pointless, simply saying that we'll put a "debt brake" in the constitution and if countries go beyond that the European Court of Justice will say they are in breach and impose fines - as they wouldn't be able to afford to pay anyway.

Europe may speak German now, as a German government minister recently commented, but the markets speak English - and they don't give a damn about language. They just want to make sure their investments are safe. And I don't see that being the case under this deal.

Angela Merkel is covering her tracks. She is the main person responsible for this problem, though she is now pretending it wasn't her..." source: BBC Website
 
I'll admit i'm not well informed, even though i'm an economics major the Eurozone crisis has no simple solution, nor even a simple definition.

I think the agreement reached last night/yesterday is a step in the right direction toward stability in the future but it does not solve the current instability.

The fact that the countries have agreed to something is a big step forward though, the EURO has at least a chance of not collapsing. The obvious caveat being that the Euro was never a good idea in the first place.

As for Britain''s PM making the right choice for his country; political nonsense that shouldn't take place at serious discussions on economic issues.
 
Top