"GREXIT" OR NOT, EUROZONE MUST CHANGE TO SURVIVE !

It is not the small loss of 245 Billion Euros due to writing-off the Loans made to a bankrupt Greece that would break-up the EUROZONE !  It is the risk that other countries in difficulty may also choose to "exit" the EURO to avoid facing long periods of austerity.

If Greece is forced to adopt its former National Currency (the Drachma) it must then manage  its own "Balance of Payments" problems !   The European Central Bank (ECB) does this for all EUROZONE countries, but its policies are not  always appreciated everywhere !

This example is typical of the unease in the EUROZONE countries at present !  In spite of the ever changing world around the EUROZONE, it is stoïcally refusing to update even slightly, the principles and ideas enschrined in Treaties which were adopted more than 30 years ago ! 

Is this not retrograde ?

 

Here are a few examples of varying standards in the EU and EUROZONE which must be updated ;

 

  -  Immigration is not controlled

  -  Migration is not controlled
  -  Rights to Free Health services vary
  -  Retirement ages and conditions vary
  -  Taxation is not standardised
  -  A common Foreign Policy for Defence and Commerce is required !
  -  ECB banking principles must be controled by the EU Parliament.
   
All the 29 countries in the EU protect their National interests too much when legislation is proposed.  This is not abnormal but it does not enhance the EUROZONE nor the European UNION !

In principle the objective of an EU and EUROZONE powerblock is justified and absolutely necessary to confront other already well known geographical  powerblocks !  

The danger is that if all 29 countries will not bury their National interests, what could become the "Federated United States of Europe" will not "FUSE"!   It will disintegrate due to more "Grexits" !
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