Sunday, February 7, 2010

Current crisis in Europe

We all know that the current crisis has affected our lives; we need to pay more for goods and services, we have to prioritize our expenses, and many other consequences.
Although the crisis' problems have been regulated and the economy is becoming more stable, there are still some aspects that suffer from the crisis. One of those aspects is the one that includes Europe.

There are some countries like Spain or Greece whose economy is still the worst in the eurozone due to the current global crisis, this countries have the largest desompleyment percentage (20% and 10% respectively) and have bigger expenses that income.

What the EU is trying to do is to help these countries by telling them how they should manage their economies; however, the governments are not always willing to follow these instructions.

I believe that if the economy of these, and some other European countries, continues to grow negatively, we could fear that the cost of the Euro will fall and a lot of social issues (migration, immigration, discontent among people) will become present. Also, I think we would fear the relations between Spain, Greece, etc. and the rest of the world (Including México) regarding its comercial exchange. I believe that the politic parties should set aside the opinion of the people about the parties' popularity and should focus on raising their countries' economies; in order, for there to be a faster exit of the current crisis.

1 comment:

Anonymous said...

The EU actually has powers under the Lisbon Treaty to direct Greek economic policy, especially where it threatens the overall stability of the Euro.

Come and talk to me some more about this; I'd be interested to know more of your perspective.