Thursday, 28 June 2012

Is it possible the end of euro?

The very hypothesis of imagining the end of euro as the common currency in most of Europe was nonsense, only months ago. But lately, I am finding more and more articles from serious analysts who consider it could actually happen, if things continue the way they go.

I really don't know what to think anymore, since the only clear idea in my mind is that economists are only good to predict the past. And that the current leaders of the European Union are nowhere near their ancestors, and comparing Merkel to Kohl, or Rajoy to González, is pure intelectual masochism.

What I do know, from painful facts in my country, is that the recessions is happily advancing, salaries are going down, and there is no time for many more catastrophic actions from governments. It's time for united action by the two main countries, and it's time to evidence to Merkel and Brussels that you can't let the fourth economy in Europe die without deleterious consequences for everybody.

But this, which is obvious for someone without economy knowledge like me, seems to be far from obvious for the guys who take the big decisions, and I mean in Spain and out of Spain.

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