Opinion: (Klaus Regling, the head of the European Financial Stability Facility (EFSF)): “‘One can justifiably expect the crisis to be over within two to three years. In all eurozone countries the fundamentals are improving,’ the chief of the EFSF, eurozone’s rescue fund, told the Spiegel magazine on Sunday.
“He argued that all of the euro zone states have already started to put their state finances in order, and some of those worst affected by the crisis – most notably Ireland – are getting back on their feet.
“Regling thinks that the situation at the Euro Area is better than the state finances of the USA. ‘The US deficit, for example, is three times as high as that of the euro zone,’ he is quoted as saying.
My Comment: Let’s note what has been said: The dollar will collapse, not the Euro. One thing is clear: Nature will force us to relate to money not as to a means of exploitation, but a means of unification and mutual help.