сряда, 6 ноември 2019 г.

The alternative solution for saving the European Union from a catastrophic crisis

Public concern about the state of the European Union (EU) is increasing. The EU is facing increasing difficulties. The European institutions ignore the role of the euro.
What is the essence of the problem?
The euro has good and bad properties. The worst feature of the euro is the lack of full economic value.
There are 2 options:
1. The European Central Bank (ECB) shall issue the euro without protection against damage to its worst property.
2. The ECB shall issue the euro in order to protect against its worst-case damage.
The EU is implementing the first option. Damage to the worst property of the euro has increased indefinitely. The EU economy is stricken. Crises are ensured.
The European institutions ignore - the ECB applies the wrong option for the issuance of the euro.
The substantial cause of current European damage is the issuance of the euro without protection against damage from its worst property. A real political trap has arisen. The more European politicians work to create better conditions for European economic growth - the greater the damage. There are times when an inaction or action by an institution delays the onset of a crisis. Delaying this crisis is at the expense of future increased damages. Eurozone governments use loans to pay for damage to the worst property of the euro.
Ignoring the ECB's activities to issue the euro without protecting it from its worst feature, no accurate recommendation can be offered to save the EU from a catastrophic crisis.
The problem is (1) Does the ECB keep issuing the euro without protection against its worst property or (2) Does the ECB issue Euros with accompanying protection against its worst property?
The right solution is to issue a euro with protection against damage from its worst property. The approach eliminates the significant cause of damage in the EU.
It is important for the public to be aware of the vital need to properly issue the euro.
The EU can be saved. The alternative solution to saving the EU from a catastrophic crisis is to introduce damage protection from the worst property of the euro. If the ECB issued a euro with protection against damage from its worst property, the euro area countries would not have current debt.
Improving the ECB's work ensures the EU's sustainable development.

Ivan Mitev - economist

The translation from Bulgarian into English is through Google.

Няма коментари:

Публикуване на коментар