Friday, May 31, 2013

what we in the u.s should learn from the eurozone crises.

 This week,the euro stats told the story of what austerity has done...the euro zone unemployment rate has hit a all time record of 12.2 %now,that may not sound like a big problem,but dig deeper.Greece has unemployment for young adults at nearly 40%,and in other parts of Europe it is 25%austerity has killed the euro zone.anyone with logic can see a growing political,social,and economic division between the parties.one one hand you have France and Germany who have ruled with an iron fist and in doing so,caused the near collapse of the euro zone.then Brittan,who are also beginning to feel the effects.the euro zone is not likely to recover any time soon.and that means those with power,Germany,France,u.k.will be able to use money to control those in trouble.but,this may end up tearing the euro zone apart.we in the u.s need to learn.a balanced budget is a good idea.but,there are times when the government should be allowed to spend money to create jobs and stimulate the economy.if we had done what Europe has done,we would have seen our economy implode.so lesson-the government is not like a household.it does need to run a debt in crises to keep stability.

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