Three significant events have recently staggered the EUROZONE;
1) Terrorist attacks by Muslim Exremists.
2) The unexpected ending of the fixed parity between the Swiss Franc and the EURO !
3) The possible exit of Greece from the EUROZONE.
Coupled with the general World Depression, which has provoked high levels of unemployment everywhere, even in the Eurozone, it is now urgent to decide what measures are required to prevent further damage.
More Terrorist Attacks can be expected in the coming months and EU countries (Germany, France, Belgium) are already preparing themselves, but stricter immigration and migration rules and controls are necessary.
Switzerland was obliged to stop supporting the Fixed Parity between the Swiss Franc and the EURO. It had amassed a huge stockpile of foreign currencies as a consequence ! The Swiss Franc then revalued by about 20% against the EURO and other currencies. This may prove to be a catastrophy, because Swiss exports will be more expensive to sell and Switzerland will be more expensive for visiting tourists !
The EUROZONE must now defend its EURO on Financial Markets against speculation. It cannot be allowed to slide too much in value, particularly in the context of the Greek Elections which take place next Sunday, January 25, 2015.
The Greek opposition is favourite to win and its Leader, Alexis Tsipras has promised he will withdraw Greece from the EURO if Brussels does not accept a hefty write-down of the EU loans amounting to 240 Billion Euros ! He pleads that Greece does not have the means to repay and to recover economically at the same time ! What can the EUROZONE decide to do ?
EU and EUROZONE Treaties need revising ! That becomes clearer as every day passes. Jean-Claude Juncker and Angela Merkel must accept that, and must act !
The dream of a United States of Europe is not only receding but impossible on the basis of current Treaty principles !
.
3) The possible exit of Greece from the EUROZONE.
Coupled with the general World Depression, which has provoked high levels of unemployment everywhere, even in the Eurozone, it is now urgent to decide what measures are required to prevent further damage.
More Terrorist Attacks can be expected in the coming months and EU countries (Germany, France, Belgium) are already preparing themselves, but stricter immigration and migration rules and controls are necessary.
Switzerland was obliged to stop supporting the Fixed Parity between the Swiss Franc and the EURO. It had amassed a huge stockpile of foreign currencies as a consequence ! The Swiss Franc then revalued by about 20% against the EURO and other currencies. This may prove to be a catastrophy, because Swiss exports will be more expensive to sell and Switzerland will be more expensive for visiting tourists !
The EUROZONE must now defend its EURO on Financial Markets against speculation. It cannot be allowed to slide too much in value, particularly in the context of the Greek Elections which take place next Sunday, January 25, 2015.
The Greek opposition is favourite to win and its Leader, Alexis Tsipras has promised he will withdraw Greece from the EURO if Brussels does not accept a hefty write-down of the EU loans amounting to 240 Billion Euros ! He pleads that Greece does not have the means to repay and to recover economically at the same time ! What can the EUROZONE decide to do ?
EU and EUROZONE Treaties need revising ! That becomes clearer as every day passes. Jean-Claude Juncker and Angela Merkel must accept that, and must act !
The dream of a United States of Europe is not only receding but impossible on the basis of current Treaty principles !
.
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