And the Euro, man?

And the Euro, man?
Socialism for the Twenty-First Century: a Utopia, a lie or a Solution?, Saturday, May 7, 2011 at 02:15
    
           The creation of the single European currency in 1999 and formalized in 2002, materialized seemed a big step forward in European economic integration and a factor of cohesion that would allow a harmonization of the standard of living of the inhabitants of the euro area.
            The most optimistic of using the new currency were soon overshadowed by the onset of rapid inflation in which prices of some 100 PT escudos were "equivalent" to 1 or 50 euro cents to 50 PT centavos, doubling their value (while salaries have remained the same).
            The stability of the single currency meant a great deal of control the public deficit by the acceding countries, preventing the artificial control promoted by the devaluation of the currency.
            The tighter control of budgets led to more restrictive policies by governments and when it was not possible, some countries resorted to "skills" to reach the values ​​imposed by Brussels.
            The recent global economic crisis with an epicenter in New York pressed budgets already in the "red" and the practical result is that the weaker economies of the eurozone could not stand the pace imposed by his sisters most articulate.
            Consecutively Europe was dropping the weakest links, Greece, Ireland and Portugal.
            Implemented slaughter of Portugal, the "following person" is our nearby Spain, like Portugal, stated that most protected compared to the former victim ...
            The countries of northern and southern countries have their own ways of living in society: more stringent in the north, more "improvised" in the south.
            Want to fine tune the economy of the countries of the South by German diapason may be an overly optimistic desire for a  currency that seems less and less in the European Union increasingly disunited in that until some are  "Real Finns" and others are not.
            Perhaps Spain will hold on, but if this is likely to fall another country will follow the domino pre-programmed: Italy?
            Maybe not much later that the Euro is just the Franc / Mark  and then just the Mark ...
            It is quite possible that on the trail ahead of the bureaucrats in Brussels led by Germany  will eventually delete Portugal and the related, from his currency.
            What's the solution?
            The solution is in sight that the measures proposed by the IMF / EU to be effective and allow a recovery in the economy, which brings up some questions inevitably associated with the recession austerity policies, policies that seem to be more targeted to ensure the return of investment to allow the economic recovery of the interventionist state.
            This solution would turn our life around and pursue a Germany that makes us ever farther back, a plan supported by a force of faith that sometimes in surprising and has already raised several times throughout history.            An alternative solution that may not be excluded, it would be the creation of a separate currency for the countries of the south, with an appreciation / depreciation controlled by Brussels, a European Euro  of the second species but that would adapt better to the reality of the countries of South .
            Analyzing the behavior of markets, individualism of the various states of the European Union, the actions of their leaders and the vices of our economy, I fear that sooner or later we wil be forced to return to PT Escudo, to  the rural Portugal without future, where one is born in order to emigrate. We probably have as partners Greece and perhaps other PIGS ...and a return to national currencies, isolating Germany (and maybe France or Britain).Does then the Euro / Mark still has not been completely overshadowed by another shining star ever stronger in the east?