Friday 22 July 2011

Is this enough?

A number of measures were agreed yesterday at an European summit to put a halt to the continuous climbing of interest rates in Southern economies and thus protect the Euro. Those measures though important for the concerned States, are but baby steps. The only solution to the nowadays crisis comes in the form of an European-wide economy - including an European Finance minister and coordinated policies, namely taxes, incentives and so on. The root cause of nowadays crisis is that lack of unified economy - and we need it if we want to keep a single currency.



http://economia.publico.pt/Noticia/banca-empresta-37-mil-milhoes-para-nova-ajuda-a-grecia_1504156

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