viernes

Is the euro about to capsize?

These days nearly every day in the news, they are talking about Greece and the Euro.

Investors believe that Greece cannot possibly repay its debts. Greece is a small country. And if it stopped repaying its debts and/or left the euro, re-denominating its debts into devalued drachmas, the losses to its bond investors would be manageable. The real problem is that what is true of tiny Greece can equally be true of much bigger Spain and Italy.


I think I have a different point of view like my classmates. The reason is that I'm German. It's logical that we must help Greece, but Germany are spending a lot ofmoney. There are many other problems in Germany that could be result with this money.

From my point of view, Germany is forced to help because it's one of the strongest and richest countries in the EU. But that has a reason, they always work hard and invest in new technologies. Shall they pay for other countries who don't do the same? If every single of the governments in the other countries would to the best even when they aren't in crisis, the case of Greece, Italy and Spain probably would not have happened.

In my opinion it's sad to live in a country where are 21 % (or more, I don't know it exactly) of unemployees. And that a 46% of them is young people who had left the University. What kind of future has a country like that? Germany is searching young people from Spain to come to work!!! (there the tax is less than 7 %). At the moment to only way to get a good job and make a carree is leaving Spain.

However, I was talking about the €uro. I think that the governments probably should have made more laws and rules how to act in a case like this. On this way, they could have prevented the disaster that's happening now.

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