British Prime Minister David Cameron supports the ...
British Prime Minister David Cameron supports the Union Budget
Prime Minister David Cameron said that Greece should remain in the eurozone. He suggested that the EU countries to fight the crisis of public debt increased integration. How much does it pay for ordinary Brits?
The EU was originally an alliance of unequal players. Economic power and the export potential of Germany, France and other countries can not be compared with the economy of Greece, Cyprus, the countries of Eastern Europe. The latter have very low GDP per capita, which does not allow them to maintain a European level of income.
How the budget could save the Union from the collapse of the euro area? Without going into details, it is worth noting that the rich countries of Europe will pay for the poor, so they kept the euro as sole legal tender in their territories. Is it profitable for German taxpayers? The answer is obvious.
Especially interested in the position of British Prime Minister Cameron, whose country is not a member of the eurozone. Perhaps, the head of the British Government considers the creation of the budget guarantee the stability of union in the financial sector in the region? However, British banks and the government will be forced to lend free of such stability.
Are there alternative ways to stabilize the European economy? Perhaps they are already being implemented and will be implemented if the politicians do not intervene in this process. Out of Greece and some other countries of the eurozone will help the public and the authorities of these states to take responsibility for their own welfare. Greece, Portugal and some other countries should not use the euro, which is too expensive for their economies.
The Greek government will increase the competitiveness of the manufacturing and tourism due to the devaluation of national currency, after leaving the eurozone. The country’s population will face a sharp drop in revenue in the first months after the refusal of the country from the euro, but then the economy will return to people working jobs and opportunities.
Strong European countries will also benefit after the weak economies of the eurozone. Stabilization of the financial system, the possibility of strengthening of the euro to fight inflation, bringing cheap labor from the countries of the European periphery will be a reward for the rejection of integration ambitions.
So Europe needs a fiscal union, Mr Cameron?
