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October 11 Can Euro be a whole nation?The question that I am wondering is now clearer. It’s said that EU has different opinions on whether to have a plain like US as bailout. However, the French president agreed with the idea that the European areas have to conduct a financial rescue plan for billions of euros while the German Chancellor objected any kind of such action. These symptoms European has may be a big problem for the Union of Europe. Bankruptcies and the downturn of real estates are afflicting the Continent and other parts of Europe such as British and Iceland. Iceland wants to borrow money from Russia to prevent itself from “a national bankruptcy”. It seems ironic that a NATO country which is seeking help from Russia will be sued by Great Britain, another NATO country, because of the loss of interests of many Britain depositors for Iceland. Doubts like that have been early delivered and the crisis has been observed inside Euro early this week. The mass in Europe is in a mess, for most of them are worrying for their properties and real estates. The optimists are estimating that this crisis cannot be spread to Europe as serious as US because Europe is “immune”. No reason proves this. It is also worth questioning that why the rescue action of Europe is a little behind US. It seems that Europe hasn’t been determined to show out a plan which can control this crisis in the circle of whole Europe. Maybe never. |
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