In the current issue of the monthly magazine 'Global Perspectives ' outlines the journalist Eric Walberg the future of the Euro-zone in black colors. The current financial crisis, the columnist, lead to excessive demands of the European Monetary System. suffered particularly the candidate countries to the euro zone in Eastern and Central Europe under the strict regime. In the current financial and economic crisis, it would not need any fiscal headroom. Social unrest in Latvia, Lithuania and Bulgaria, caused by severe cutbacks in wages and the social system, have already resulted in enormous clashes with the police. The International Monetary Fund have long been demanding the devaluation of national currencies, but this was excluded in the current European exchange rate mechanism.
Walberg shows that even the countries within the euro zone will not go much better. Greece and Ireland are well on our way to the national bankruptcy of Iceland to follow. France faces a wave of strikes against unimaginable proportions, and fear must also escalating social unrest in its overseas territories.
The euro system that makes Walberg responsible for all this had turned into a straitjacket of its Member States. These are too different to be successful with their uniform policy. In addition, I served the liberal economic policy of the EU, especially large companies and banks for the benefit. The same it is now, the cry successfully in the crisis for the support of the state. This will have to pay the citizens, by today's cuts in wages, social and educational systems and through reduced financial flexibility for future Generationen.Walberg predicts the euro-zone revolutionary unrest. This I can not so follow, but the current situation certainly affect the elections for the European Parliament in June.
forecasts show that will be the current crisis and the consequent fear of unemployment an election issue No. 1. With the European elections, the majority in the European Parliament are not expected to change significantly ( predict09.eu ). The two big political families will continue in near-Wide Coalition the European legislative process dominated, supported in turn by the smaller Liberal and Green camps.
The current crisis does not seem working in favor of a higher turnout . regarding media coverage of the elections is still low. This is dramatic, thanks to come in the meantime at least 70% of all laws that are adopted in Germany, from Brussels.
