This makes one think that they keep talking about reform for the future, but what about the present? Greece is still on the verge of collapse and they still don't seem to have a plan of action for when the inevitable occurs. Are they just going to keep pumping money in these countries or what? I'm sure if they properly restructured the EU so that strict regulations were placed on worrisome states, the markets would be satisfied with that.
In contrast, as all of this is going on, Turkey must be happy that the EU rejected them. In retrospect, Turkey has been doing very well with its economy and the money they could have contributed to the EU would have been invaluable. Now they will watch from a distance while their role in the Middle East only grows...
I agree that I haven't heard a whole lot recently about what to do with the situation in Greece specifically, but I think that is a result of the fact that the Eurozone in general is having so many problems. Clearly something big needs to change to save the Euro, but when the Eurozone's leading countries have such different ideas it's difficult to see how they will compromise and if it will be fast enough to help Greece.
ReplyDeleteIt is obvious that two major players in the EU have very different views on how to solve the crisis. This is unfortunate because a joint effort needs to be in place for progress to be made and I see a lot of back and forth between the two parties that could stall. Mr. Sarkozy's policy suggestions makes it seem that he thinks the Eurozone can solve the crisis internally while Mrs. Merkel sees a need for outside help. Though I think if the EU can fix things on their own they should, but I don't see progress without outside help. Mrs. Merkel's plans also makes the EU more susceptible to world recessions.
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