Monday 6 July 2015

EUROZONE NEEDS A MANAGEMENT BOARD.


The talking about a "Grexit or not" has stopped after six months, only to enable everyone to digest the result of the Greek Referendum !

After these six months the Greek economy is now in a bigger mess than before.  Debts have piled up, business has stopped and Greece cannot import the goods it needs to survive. 

It is the European Central Bank (ECB) that has avoided a complete meltdown in Greece by regularly supplying Greek banks with Cash !  Should Greece  shoulder the  burden of this cost which is due to EUROZONE "hesitation" over a possible Grexit ?  

It is manifest that the "EUROZONE" must quickly  professionalise its organisation to identify and solve the problems which arise in the countries of the ZONE.

Companies in International Conglomerates are closely  followed and when exceptional action is necessary, top Group Management is briefed.  Reporting systems ensure that up to date information circulates. Regular monthly or quarterly meetings avoid bad surprises !  These techniques are well known.

The EUROZONE appears to be living from hand to mouth !  Are there any operating procedures ?  There seem to be only two "executives" (Merkel and Hollande) and the ECB !  Curiously all the 18 Leaders of the ZONE have been convoked almost weekly recently !  Is such  desperation  really necessary ?  Does this system work ?

Should a Management Board of Controls with permanent members  not be created ?  
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