The more I read on the current situation affecting the Eurozone the more I realize the folly of it all.
Each country is of course, to a relevant extent, one of a kind. There lies the challenging beauty of it.
There is also considerable multiple overlapping between neighbours, groups of countries or at a higher level even regionally. The EU can appropriately be cut up into several regions using multiple criteria although I believed the primary goal used to be to pull ever closer together.
Each country is of course, to a relevant extent, one of a kind. There lies the challenging beauty of it.
There is also considerable multiple overlapping between neighbours, groups of countries or at a higher level even regionally. The EU can appropriately be cut up into several regions using multiple criteria although I believed the primary goal used to be to pull ever closer together.
Having said that, the major issue - as long as the EU remains an essentially loose bloc with common political institutions - is for national governments to fulfil their primary obligation: govern as best they can within generally accepted standard rules of good government for all time.
Over-indebtedness is but a predictable consequence of a spent growth model that never should have been in the first place.
Excessive borrowing was bound to come to an end raising largely self-answered questions of what the money was used for(?)...
Over-indebtedness is but a predictable consequence of a spent growth model that never should have been in the first place.
Excessive borrowing was bound to come to an end raising largely self-answered questions of what the money was used for(?)...
If the Eurozone is not to become a transfer union like a Federal State would or the ECB a truly full-fledged central bank, i.e. catering to the individual needs of 17 States, then a deep rethink of the whole Eurozone system will remain topmost of the political agenda for years.
No matter how it is viewed the Eurozone has served Germany right for reasons that are cleverly borne in the text. In-house societal strengths, mindful government and a host of factors nearly all played to Germany's favour over a decade of Euro merriment(?)for many others.
Germany's model is not exportable or adataptable wholesome to different countries/societies/cultures nor would that be desirable.
Quite a different matter is the need to have medium-to-long-term sensible policies implemented across the Eurozone by responsible national governments accountable to the citizens who elected them first and foremost.
Here I find Germany can provide powerful insights to ruling political and business establishments in many a country.
Germany's model is not exportable or adataptable wholesome to different countries/societies/cultures nor would that be desirable.
Quite a different matter is the need to have medium-to-long-term sensible policies implemented across the Eurozone by responsible national governments accountable to the citizens who elected them first and foremost.
Here I find Germany can provide powerful insights to ruling political and business establishments in many a country.
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