Will the European Union Survive? Essay -- European Union Essays

Europe must prevent Greece from becoming an out-and-out sequel and make sure that the same fiscal remedy is not applied to former(a) weak economies -- Franziska BrantnerEurope is a powerhouse of Western culture and science. It possesses an parsimoniousness with an annual Gross Domestic Product of over sixteen one thousand thousand dollars.1 Europes global economic connections are worth billions to evolution countries and even the United States of America.2 Regrettably for the global economy, the European Union whitethorn collapse very soon, the cost of allowing incompetent politicians to run an economy on bad policy.3 A fiscal league is necessary to prevent the wipeout of the Eurozone.The whole objective of the initiation of the European Union was to create a European economy, a greater European stability and society, all with a greater altruistic attitude.4 This may all have been for naught if the Europeans cannot soak up a preservative tendency. All sides of the table agree that a dissolving agent must be met. After all, to do nothing could risk the transmittance of the primarily Greek, Portuguese, Spanish, and Italian crises to more internationally relevant economies, like France and Germany.5 However, the quadruplet most affected countries, Greece, Portugal, Italy, and Spain known collectively under an umbrella uncomplimentary the PIGS, already combine for 24.5% of the entire European economy.6 This means a exhalation of these states from the economy could already amount to sizeable damages. In spite of the strength for such a negative outcome, the sovereigns simply cannot agree to what this solution dexterity look like, and all the solutions thus proposed have appeared to be unsatisfactory.7Debt is a long term problem and accordingly, it makes sense to employ... ...Dec. 2011. .14.Why E.U. collapse is more liable(predicate) than the fall of the euro - The Washington Post. Washington Post Breaking news program, World, US, DC News & Analy sis. N.p., n.d. Web. 11 Dec. 2011. .15.ECB ECB decides on measures to address severe tensions in financial markets. ECB European Central Bank home page. N.p., n.d. Web. 11 Dec. 2011. .16.European fiscal union what the experts say Business guardian.co.uk . Latest US and world news, sport and gab from the Guardian guardiannews.com The Guardian . N.p., n.d. Web. 11 Dec. 2011. .