THINK TANK 1

FINALLY, WHAT MATRIX FOR RECOVERY ?

TODAY,  WHEN IT COMES TO THE EUROZONE CRISIS THE GREATEST CLASH BETWEEN POLITICS AND ECONOMICS IS THE EURO.

 IT IS NOW APPARENT THAT THE VERY EXISTENCE OF A COMMON EUROPEAN CURRENCY DEPENDS ON A SHARED UNDERWRITING OF THE OBLIGATIONS OF ALL MEMBER COUNTRIES.

 A KEY PROBLEM IS UNWILLINGNESS TO RECOGNIZE THAT POLITICAL AND ECONOMIC OBJECTIVES ARE NOT IDENTICAL.

 FOR THE TIME BEING, PRAGMATISM RATHER THAN EMOTIONS SHOULD TAKE THE LEAD.

ALSO, TRANSPARENCY IS CRITICAL FOR REFORM.

THE POSSIBILITY OF UNLEASHING A SERIES OF CURRENCY-LINKED TRADE WARS AT THIS JUNCTURE IN TIME POSES AS GRAVE A THREAT TO THE GLOBAL ECONOMY AS THE LACK OF DECISION-MAKING IN EUROPE.

THIS BEING SAID, THERE ARE NO REASONS WHY GREECE WOULD NOT BE ABLE TO LEAVE THE EURO.

ACTUALLY, WE AT WWW.CONVERSATIONPRIVEE.COM BELIEVE THAT HAVING GREECE LEAVING THE EUROZONE WOULD BE THE VERY BEST WAY TO RATIONALISE THE EURO CRISIS.

IT DOES NOT MEAN THE EURO PROJECT ITSELF MAY FAIL.

 NOW IS THE TIME FOR SOME REAL COLLABORATIVE PRAGMATISM TO RETURN.

NOW IS THE TIME TO WORK OUT A REAL MATRIX FOR RECOVERY  !

PHLDUCX – PUBLISHER & EXECUTIVE EDITOR -

WWW.CONVERSATIONPRIVEE.COM

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