Uneven development of European countries hindered the euro to bail out
Posted by terminalcables on Wednesday, December 14, 2011
Eurozone life on the line, outside hoping 8 to 9 December EU summit held carve out "medical prescription." On this occasion, some EU countries, the introduction of new measures designed to "help" the summit, some countries are playing their own "small thinking." Interests of the game under the prospect of the EU summit has become more complicated and confusing. According to the "CNR News" reported that, for the EU Wholesale MLB hats summit to be held, the voice of special observers Ye Hailin, China has brought the following comments: Ye Hailin: EU summit is now being held to save the European economy as a final effort, in fact, not so an exaggeration. European economy is not that tough situation to 1929, but we also note that at this time, the EU summit, the main way to save the economy or in the "money" under the above article. This of course is normal, because Europe is now the most important manifestation of the disease, the euro sick, of course, you want to save money on the euro may have to work harder, but work hard to light up the money is not enough. Now think of the way the EU summit to send a common bond, whether or fiscal policy to be uniform, these are difficult times for the euro to spend, but even through the euro's current economic difficulties mean that the EU can overcome difficulties, to the smooth, In fact, not necessarily. Europe's real problem is that Europe has become a unified economy, but the economy's development is highly uneven, and every economy has its own corresponding policy and development objectives. We know that in Europe this is entirely export-oriented processing, such as export-oriented trading countries, such as Germany and Sweden; Europe has basically except that nothing outside of tourism products in countries such as Greece. Countries such as Europe, it throughout the current economic situation, in fact, faced with the demands of different interests, so that they can mark down in the unity of the euro to complete their line with their interests and accept their own interests in line with the fiscal policy would is a conflicting objectives, it will certainly achieve this goal very difficult. This problem has been not only the euro area, in fact, including the euro zone as Sweden is not also have a similar fear, because it is the most important consumers in continental Europe, so if Europe is clearly a long slump around the country will make Europe are also jointly and severally suffer, in fact the core issue in Europe because the EU was established in the year when many countries had joined the EU does not have the level of economic development, but the participants into the swarm, and this also makes the EU to participate into the leading countries to obtain a great convenience to sell their products, to expand their economic influence. However, once the financial crisis situation, regardless of the developed European economies such as Germany, or in fact, less developed economies such as Greece and Europe EU ten new member states, are they immediately think the euro is not borne by a burden. So we heard some people say to go with the Greek drachma again, it was also said to re-use the mark in Germany, in fact, two things are simply impossible. So Europe's problem is that it can not solve the problem of competitive imbalance, it can never take no for an acceptance of all countries have a stable fiscal policy, a unified fiscal policy in a timely manner to speak of, there is no NFL hats such thing, want the euro rescue very difficult. We know that China is a very uneven, but we are a country that we can have a set of fiscal policies, the European reach this point, the development of the euro is destined to be full of ups and downs.
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