En América, con la llegada de Franklin D. Rooselvet, se imprimió un giro radical en dirección a la recuperación económica y a la lucha contra el desempleo. Al respecto no se puede sino contemplar críticamente lo que está sucediendo en la Europa actual.
Tthe dissolution of the EMU is not the end of EU – quite the contrary. If that recognition is understood, some necessary changes of the currency system might bring a kind of euro-realism into the collaboration of the EU.
According to ECB the future of the euro countries is entrusted to "structural reforms", a very misleading formula to indicate the reverse of the social rights in a framework of impoverished and powerless working class
The letter sent by Jean-Claude Trichet and Mario Daghi to Italian government clarifies the economic and social guidelines of the ECB: a true neoliberal approach that hardly can avert the eurozone's crisis.
A European Public Finance Authority that would be governed by member countries should issue bonds that the ECB can buy and sell through standard open-market operations.
According to "The Economist", Germany considers Eurobonds with horror, since they would be a big sacrifice for the creditworthy nations of the euro area. Stuart Holland turns down this argument.
The undesirability and ineffectiveness of exit from the Eurozone, and the Ponzi-like nature of continued assistance to insolvent sovereign debtors, leaves only one option: default – preferably consensual and negotiated with creditors.
Is an orderly debt restructuring really so lethal to the Greek economy? The true problem is that a debt restructuring imply that the debt burden is shared between the debtor and his creditors,but he European official position is that the burden should entirely bear upon Greek citizens.
