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.
In the EU the prevailing political line is not for improving the economy and enhancing employment, but a policy of '"austerity", which means deflation and stagnation.
Servir en bandeja la ruptura del consenso constitucional y jibarizar nuestro crecimiento económico para un largo y decisivo periodo ha sido un error político y económico de bulto.
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.
