Greek debt crisisAdoration of the euro
The eternal dispute over a solution to the Greek debt crisis obscures the view of the global challenges facing the EU. That could still retaliate.
13/07/2015, by HOLGER STELTZNER
Why should the Greek Prime Minister Alexis Tsipras have discovered the true European spirit by his pirouette at once, whatever one might mean by that? Why should Tsipras against great odds in his people and in his Socialist Party now the cuts, austerity measures and structural reforms through boxing, against whom he had fought itself with success in a referendum? How credible is a prime minister who depends on the enforcement of such reforms to the opposition? How can we trust a government that compares only the offer of help of European partners with terrorism and a week later betrays the own followers with such a U-turn? The Greeks did not vote against the euro. But they have also voted not for the modernization of the country, but on the other hand. Who wants to patch up such contradictions with semantics, because the first papers from Brussels arrived and the almost identical second reform list of Athens comes, the formulation aid is silent by French officials and talking about the mischief of pork-barrel politics and the long history of reform objection in Greece small. These are much older than the brief episode of the euro, which brought the Greeks first unknown wealth and then the crash in poverty.
Despite contrary opinions hold politicians to the belief that they could put economic laws repealed and move mountains of debt. If now should actually be negotiated through a third loan package for Hellas worth around 82 billion euros, will be further adhered to the illusion that Greece could outgrow with new loans from its debts, although it is clear that the loans will never be repaid. Because no one has seen the financial crisis coming, the housing market began in bad policies of the US government, today, the warning of economists from the devastating disincentives of a transfer union is brushed aside. Justified criticism of the failed rescue policy is denounced as a populist or nationalist right. Who is against new loans for Hellas, was for the AFD and from Europe, they say.
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What a malicious distortion of the facts! Has the majority of Germans, which is for a Grexit selected AFD in the last election? The debt-snowball system is heavily criticized by many because people haunts the concern that the euro crisis EU inflicts serious damage. Most critics do not want the nation-state back, but to subsidiarity and to the Maastricht Treaty with its bailout ban. They want the cohesion and success for Europe. That's why they criticize the rescue at any price, so they are against the worship of the euro.Because they see that the euro monetary union and the EU splits that the euro straitjacket with diverging economies does not fit every country and that the EU was more attractive than all benefited from the completion of the internal market.
Greece binds all forces
The narrative of the ancients, that the euro is the central peace project for Europe, contrasts with the experiences of boys who experience how the dispute over the Euro is driving a wedge between the Europeans. Austerity and reform dictates are perceived as foreign yoke certain why protest in Athens, Rome or Madrid young people without perspective on the road. In addition, the failure of the European policy is in dealing with the swelling flow of refugees, of the Front National questionable drifting toward many young voters in France. If politicians continue to react only with rallying, could avert the second largest economy in Europe by the EU with the UK. Is that the price to pay the rescuers are ready to keep Greece in the euro area?
The euro binds in Europe all the energy and all the forces. Only wanted to make believe the people the Savior by referring to alleged lack of alternatives, the debt of Greece are so low and the economy of the country is so small that you could save in passing the euro alone guarantees quasi. Thereafter, the first and supposedly final loan package was. This was followed by the second, now is probably the third. Neither an open haircut for private investors still a concealed section for the Euro creditor countries through extension of credit operation ensured sustainable debt. When that did not work, the European Central Bank has been clamped to the state financing of Hellas, although this is forbidden.During an emergency summit next chases, everything remains another lie. The crisis in Ukraine, the conflict with Russia, the rising tensions in the South China Sea, the Free Trade Agreement with the United States, the digitization - everything must wait. If Europe wants to win the future? The EU's inability to solve the Greek crisis, is at odds with a central argument of emergency, the right to European creative power in the world.
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