- Posted November 21, 2012 by
This iReport is part of an assignment:
Europe's financial crisis
A European Solution through the Eyes of Europeans
On November 20th 2012 in Brussels, Belgium, the Eurogroup, a meeting of the Finance Ministers of the European Union, did not reach a final European verdict per the next installment of the bail-out amount, bound for Greece.
The inability of finance ministers to decide per Greece’s next installment complicates things, at least for the short-term. Greece has done however politically and financially its outmost to render it self-credible and trust-worthy in Europe, per the needs of the next installment, while the fear of political challenges, requesting change maybe imminent in Greece but possibly in Europe. The new installment that may be decided this following Monday 26 November 2012 will render the current government more credible. Possibly will follow as well a grant for a two year extra time, to trim national budget deficit in Greece, according to bloomberg .
Through the new and truly painful measures that are to come for the Hellenic Republic and its citizens, a plan adopted by a majority vote of just 153 out of 300, just last week, a much disputed method that includes unbearable measures for many, the sole concrete proposed option for Greece by its ruling coalition government, Greeks are to surely see at least a good decline in their family incomes, while expenses in taxation are to rise, while living conditions have fallen a staggering 6.2% according to the NY Times . Major increase in a variety of current taxes, but also new ones that are to come, will inevitably lead Greece to be one of the most favored per taxation countries in the European Union with many different taxes per year and amounts sky-rocketing, while payments lower day-by-day, unemployment increases and while demographics change to negative numbers according to forbes.
However, the European Union leaders, heads of state, ministers of finance and leaders of the Commission, the Troika and the Greek Government, all state that the deficit can be shortened (paid off), goals thus can be achieved in reaching tangible development percentages; yet all this in the long-term. To simply put, Greece will eventually have to pay off its debt no matter what the scheduled program for cracking down the fiscal crisis may be.
The question is however at what given time and under which conditions will Greece pay off its debt? When will Greece be able to go back to the international market shares? Are current few scheduled programs of infrastructure development enough to bail out Greece as they are currently projected? Are Greece’s public property enough to pay off debt, or are we just looking to lower prices to buy cheap at a country that is to see underdevelopment numbers soon?
Are they looking to find a solution paying off countries' and/or personal debts, not only for Greece but for other European States such as Portugal Spain, Italy, the (PIGS) and soon to come Cyprus? Are Europeans looking to pay-off and bail-out states out of our quest for solidarity or are we looking at extensive structural financial and political changes in the European Union as to form a single government, such as a United States of Europe, an entity through more integration policies? Do Europeans wish the paying-off the debt? Or is the financial instability extended, while leaders play a very bad game of Russian Roulette, with the assumption that there is no alternative to the fiscal crisis that the hard decisions that are currently being applied? Is therefore the biggest weapon for a further European Integration a long-term, sustainable in method, fiscal crisis?
If this is the game, there will surely not be any conditions to state that a national deficit will be viable, for any state in the European Union that will enter a bail-out procedure.
European citizens may we wish to continue to work collectively, to proceed with a true European Integration, but rest assured that neither the Eurozone nor the Euro as a currency makes or creates a true Europe. A true European is a Europe of different civilizations that have learned over the years from mistakes, wars and exchanges of cultures of joined morals and values, not from joined economies solely. Surely an integration of all national EU economies was or seemed to be at the time in early 21st century, a one way street, but no one said that a single currency will render many European States vulnerable or second-tiered European States as they are portrayed as such today, but also no one said that this case will ever be accepted, most possibly by the PIGS.
If Europeans request or push for further Integration, to put it out simply, a single constitution, a single senate and house or representatives as is the US system of governance, then they should put the news out to the public. To know that from scratch, meaning the fiscal degradation of states, a further integration of the European Union necessitates the supranationalization of governments, to a single Government that will be imminently starting. Once this is out, surely when all things have found a solution such as what happens to the national sovereignty of states, an issue that cannot be let alone mostly to the countries bordering non-European Union countries, then they will truly discuss a dream of what the future of Europe should look like.
Development can therefore only come forth at that given moment, if there I a long-term process, a dream of what Europe should look like in 2070 and not 2020.
This is the sole solution to the crisis, rendering development and growth procedures a number one priority policy rather than methods and means of austerity to supposedly tackle existing fiscal problems that were created or were always there.
While there are views and opinions that the Greek debt burden should be reduced , Greece but mostly its citizens will have to remain strong, while Europeans should increase their solidarity towards the countries that are in such a situation.
Direct involvement of European Citizens is needed. Indirectly from European Leaders, Europeans should strengthen their solidarity through ways and means in practice. As true Europeans, they must bring to an end the fiscal dispute. They must bring to an end political disputes that drive people to turn their backs on EU institutions and the EU.
At this time to be honest I personally do not feel that there is a single viable and long-lasting solution to all problems currently that the EU is facing mostly because there is no concrete way out of the financial crisis and there is no much said or done per true development (encompassing structured reforms for the benefit of our citizens or per the benefit of our well-being, new infrastructure and development of all countries to lead in capital creation). There is no true dream of what Europe should be and should look like.
There is thus need of a map of expertise. Per the opportunities that can be provided, by a single state in the European Union, on the goods and natural resources, low and medium size companies on the industrial companies, on the services and educational systems, health and tourism, energy and outer space exploration to name a few.
As such Europe needs to make the necessary constitutional and legal amendments to fulfill the need to create a truly free market economy without boundaries.
All should be able to compete. To decide whether entrepreneurial opportunities should be a viable choice.
Europe needs to come up with a plan to arrange its civil systems: Joined European ideologies and interests, Political party systems that are equivalently 100% to the representation of the needs of their voters. A Civil in one European, voice should be constantly heard.
All should be accountable to the importance and solidarity of what it means to be European, including representatives in European Institutions or National Members of Parliament. Otherwise I fear that this constant jeopardy will eventually lead the EU to a dead-lock