Posts Tagged ‘Mario Monti’
Professor. Dr. Beat Bernet, professor of economics faculty at the University of Saint Gallen, Switzerland, stating that the impact of the financial and economic crisis the European Union, is the collapse of these institutions.
Bernet said that the post-crisis banks and financial, will rapidly emerging political crisis in the European Union. “I would argue that the EU’s future will not survive in the form we know today.”
Professor Bernet who teaches economics study confirms that banking, “Until now there is no indication there will be recovery in the European Union even until the coming months. Indications are there precisely the contrary.”
According to program savings and tax increases are expected to trigger social instability in the countries of European Union member. Even the new force is expected to appear on the scene that will change the European Union.
Since its inception until now, the EU has never faced severe economic crisis and the current area. Financial and economic crisis it is called like a snow ball that his movement could not be dammed.
“Today we not only face the Euro exchange rate crisis in the EU, but also the roots are very deep crisis, including structural problems, decreased strength weakening financial strength to compete and members of the EU,” Bernet said.
Lecturer of the European economy was stressed also that the conditions today are very dangerous and the wider dimensions of which have been officially announced. “I do not believe this crisis can be solved by” umbrella penalang “or grants,” says Bernet.
Answering reporters’ questions published by the Swiss Berner Zeitung, about what steps should be taken? Berner said, “Actually there is no clear plan in this regard. The solution in question is currently only able to cover the surface only because the basic problem is in crisis. Countries that issued the economic rescue fund, in fact just a little to gain time.”
“In essence, the Euro currency union are now until the end of his age