Countries like Spain, Greece or Italy, for example, have a much higher unemployment rate and leave millions of people without any hope.

Europe, proud of being known as “state of general well being”, has nothing but an unstable, fluctuating and uncontrolled third world economy.

 
Strikes in Greece are in the news every day, demonstrations in Madrid or Barcelona, student protests in Rome and in Paris, London or Berlin.

Meanwhile, the damaged economies are causing alarm and making the representatives of the markets and finances run.

Greece broke the ice a while back with the crisis of its foreign debt which forced a quick and debatable credits to attempt to survive, together with domestic adjustments translated into unemployment and rapid decrease in the quality of life of its citizens.

It was known that Germany had violated the sacred community regulation which establishes that an EU member nation cannot accumulate debits superior to 3 percent of the GDP.

 
These days, Ireland is alarming everyone because it should have assumed the credit given by the EU and the International Monetary Fund (IMF), while reporters insist that others like Spain, Portugal and Italy are also on the list.
 

The issue could advance much more, because among other things, the public
money that are lacking today was used barely 24 months ago to save the
banks, financers and real estate companies that fell in crisis thanks to its irresponsible behavior and extended speculative practices.

 
Same as in the US, birthplace of the debacle that immediately crossed the Atlantic and in the Old Continent the “pillars of the system” could not be left alone, despite the situation in the world while the normal people are now paying the price.
 

The news from Washington on the issue seems to be a hoax. Because now the
“inspired” promoter of the so called post war Marshall Plan has declared its disposition in supporting the European credit line of financial stability through the commitment of extra money by the IMF.

In any case and at least the US through its “program”, is involved in the European economic issue violating the differences that still exists among some politicians of the Old Continent.

We must recall that up until now the first economic power has not solved the crisis and the most recent official anti fiscal deficit proposal establishes serious cuts in public spending, tax increases and the laying off at least 200 000 official employees in a nation whose unemployment rate stands at 10 percent.