From my interview with Dr. Antonio Laurenzano, Committee member of the scientic blog international.
Dottor Laurenzano, il Consiglio europeo di Bruxelles ha varato la “rete di soccorso Ue, cosa vuol dire? Parliamone.
Per i Paesi in crisi: in gioco la salvaguardia della moneta unica.
“Sappiamo che l’euro è il nostro comune destino e che l’Europa è il nostro futuro collettivo. Nessuno in Europa sarà abbandonato. L’Europa si affermerà insieme”. Parole forti quelle pronunciate da Angela Merkel in occasione dell’ultimo Consiglio europeo di Bruxelles dei giorni scorsi nel tentativo di calmierare le speculazioni dei mercati a caccia di debiti sovrani. Una dichiarazione d’intenti che ha spianato la strada verso l’istituzione a "bottom-saving states": a network of emergency to protect the single currency and therefore the European integration process. The dramatic economic and financial crisis in Greece was followed in November with the Irish Portugal and Spain continue to make monetary disturbing signs of instability, with large spreads over German bonds. In this context of great economic insecurity, the eve of EU summit in December was marked by a debate on the proposal made by our Prime Minister and Economy Minister Tremonti Luxembourg Junkers to provide for the issuance of Eurobonds (bonds) by the European debt by setting up agencies for a amount not exceeding 40% of GDP in the euro zone. The aim is to achieve a liquidity comparable to that of U.S. treasury bonds and .... look beyond the crisis. "A fascinating proposal" in the opinion of many economic analysts, but which has attracted mixed reviews in the various European countries. Proponents (including the German opposition parties) claim that this tool, if used with rigor, in helping to overcome the differential between the titles of those countries in crisis and .... Made in Germany, providing stability to the markets. The E-bond that would put the states with the finances out of control in the condition of not being able to issue more government bonds, because no more new locations. But serve mainly to incorporate part of the national public debt of various countries and then to relieve the pressure on countries with strong imbalance in the accounts.
E 'strong but the strength of the patrol against, Berlin and Paris in the front row who fear that this is passed over them with higher interest on the debt, and that everything will end up taking responsibility away from governments on budgetary discipline. Countries with accounts in a mess they would be discouraged to take appropriate measures to bring their public finances under control. Germany, in particular, does not want to go too far on the road that leads to more centralized budgetary policies at EU level, for fear (well founded) of continue to bear the financial problems of the European partners. "Eurobonds, according to Merkel, do not eliminate the weaknesses in Europe and eliminate the pressure on the indebted States." Tremonti-Junkers The project was rejected by the European summit was agreed that rather difficult to establish a fund to guarantee permanent "to be activated only when necessary and in the presence of strict policies and balance sheet strengthening of competitiveness," which after a change to the Lisbon Treaty should enable the EU to cope with any future risk of default of the euro zone countries. Any type of rescue assistance but only to the real action functional recovery of economic and monetary stability of the country in crisis. The objective is the entry into force of the amendment to the Treaty in 2014, after the opinions of the European Commission and European Central Bank and the European Parliament in Strasbourg, which, in truth, has commented favorably on the issue. The amendments to the Treaty of Lisbon are necessary because the current text does not provide for the rescue of a country of the eurozone on the brink of bankruptcy by the partners. It will be a long process of ratification, but of great strategic importance because, as stated by the European Commission President Barroso, "is the better signal to show the absolute determination by European leaders in addressing the situation and do whatever is necessary to preserve the financial stability of the single European currency. " The anti-crisis fund launched in Brussels is the answer to the question of "cooperation policy" ever more urgent in order to overcome the long delays in the political construction of a united Europe.
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