Rescue Plan Will Make Euro Crisis Worse

Dr. Michael LaitmanOpinion: (Peter Morici, a professor at the University of Maryland’s Smith School of Business, is former chief economist at the U.S. International Trade Commission): “European leaders are working feverishly to create what German Chancellor Angela Merkel is calling a ‘fiscal union’ to restore private investor confidence in Europe and rekindle growth. Unfortunately, what she advocates will thrust Europe into a deeper economic crisis and leave European leaders without the fiscal and monetary policy tools necessary to combat recessions.”

My Comment: But no one knows how to solve these problems, or everyone acts as if they do know. In any case, we need more time to become aware that our egoism, envy, and pride are elements of our evil nature and to realize the necessity to unite for the sake of our survival.

Related Material:
How To Avoid The “Zombification” Of Europe
2012: A Decisive Year For Europe
Bleak Prospects For 2012

Discussion | Share Feedback | Ask a question Comments RSS Feed

Previous Post: