Comment on the Economist article (31 May 2010) “Zapatero’s Cuts”
There is a slow reality beginning to creep into the EuroZone. After years of bagging English speaking markets for their free market practices (which caused the GFC!!), and patronising them for their uncaring welfare free states, they have been forced down that track to survive as individual states, and as a Union.
Hopefully the crisis upon Europe will force long sought after reforms of labour markets, fiscal policies, and trade which will allow the world as a whole to operate much more efficiently and prosperously. Gone will be the days when a relatively few French and Belgium farmers can hold the whole world to ransom via the common agriculture policy ensuring (heaven forbid) that the world may at last get realism into the World Trade Talks.
Or am I living in a dream-world? Is this just another false start in Europe, and when a modicum of prosperity returns so will the same shonky practices? I very much hope not.
Filed under: Economics, CAP, EU intransigence, Eurozone, World Trade
