07/02/2012
The deep crisis of the sovereign debt in Europe is a result of the CRISIS that started in the United States in 2007 as a consequence of powerful, opaque, and not enough regulated financial markets, able to influence in the real economy with great destabilizing potential. The European economies face several vicious circles which produce a negative dynamics of distrust that is driving Europe towards a new recession. In order to live it, it is necessary to set up politics for reducing public deficits with a proper rhythm and structural politics for recovering growth. But they will be useless without a clear European leadership that transmits confidence to the markets, and allows eurobonds as well as CEB strong measures in support of the States in front of the markets.
Author: Gonzalo Sirvent Zaragoza
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