I am mad at the EuroPosted: November 15, 2011
Well, not the euro per se, more the people who made it and have the future of the European currency in their hands.
I am mad and disappointed.
I am mad at an half finished euro, which has been created without any sort of exit close in the treaty – Not that I ever wish for such a close to be used, just that it is a good sign of a well thought project to have an end-point ready, just in case.
I am mad at an over-optimistic eurozone that accepted Greece despite its lag in matching the growth and stability criteria and continued to ignore the obvious reality as long as things were looking OK and the illusion could be held.
I am mad because the euro is not just a great project or a nice dream. It has become a reality, it has been built upon and brought successful growth and integration among the european states. The euro add solid results and consequences making it impossible to be dismantled or even weaken. It has to be saved, rebuild, made stronger… there is no other options.
That’s why more than anything I am mad and disappointed at the European leaders who fail again and again to tackle the problem and do what is needed to make the euro as strong as it is supposed to be. Every major actor of the financial world agrees to say that the best option is to go forward into a federalist union with eurobonds as the core of the public debt for member states, but all that Merkozy et al. are doing is finding workarounds to the issue, half-fixing the problem for a few months.