In the recent years Europe comes on the spotlight of the
global news, only for its economic woes and inability to cope with the ongoing
economic crisis.
Just like many times in the past, Europe is in the center of
the global interest for all the wrong reasons. We have been there before so
many times and as some say, we always recovered and became stronger.
But how will Europe look like, if we ever get out of this
new low we have reached? In the past after every dark page, there was a golden
period; the Renaissance after the Dark Ages, new European kingdoms after all the
invasions and wars. With destruction always came rebirth and Europe always
remained one of the leading forces on this planet, a main contributor of human
history as we know it.
Also, we should consider what would be the catalyst that
will put Europe back into the reigns of any progress of this world. What
sectors we should encourage to grow, what resources do we have to exploit and
how we could put it all together?
If we examine European history, our greatest achievements
and contributions to this world were our culture, science and industries. In
the recent years they all suffer in a bigger or lesser extend. Long gone are
the days that we enjoyed European (French or Italian for example) music, films
and art. The days that European fashion was in its heydays, our factories were
producing, our products were sought after all over the world and prominent
European literature and philosophy were influencing the way the world thought.
Europe today listens to American hit music and watches
Hollywood films. Our clothes and most of
the goods and gadgets we purchase are made in China or India. There are very
few prominent scientific discoveries or breakthroughs and very few well known
writers, poets, thinkers or philosophers. We live in a fast consumerist and ephemeral
society, largely influenced by the “Anglo-Saxon” or American way of living,
while our economies are now based on services, banking, the markets and the
monopolies of the few.
Europe is the continent who influenced the most this planet,
for good and for bad. Starting from the antiquity and the Greek and Roman miracles
in drama, philosophy, astronomy and mathematics, other later European nations
continued their traditions; French, German, Italian, Spanish, Austrian, Dutch,
Flemish and Portuguese explorers, scientists, philosophers, scholars and
artists contributed to the enrichment, expansion and the zenith of European
culture in all four corners of the Earth.
Later, after so many wars and strife Europe found itself at
the heart of the industrial revolution, which fuelled and was fuelled by
another two world wars. During this period that shaped the most our modern day
Europe, we had great technological and industrial advances that unfortunately
also came with great tragedies. After the wars Europe was devastated so it had
to lean on and accept the help from America, in order to stand on its feet again.
That came with a price: our economies today are modeled after
America and are relying on the banking sector and the markets, just like it was
decided after the wars, during the cold war period. Our capitalist societies
were formed during that time and 70 years later this system is in crisis.
Europe is at cross-roads. But it is not just a financial crisis; it is a
social, cultural and ethical crisis above all.
After the wars many of our fathers had to live in absolute
poverty and deprivation and had to work really hard. So it was very easy to
lure them and turn them into over spenders: all it had to be done was to pour
bucket loads of cheap money into our economies and their pockets, created in our banking system with
credit and bad loans and that was it. People went mad and wanted to live our
version of the “American Dream!” Be able to spend and have the lifestyle they
watched for years in the Hollywood films.
That was going on for decades in our countries. Due to
globalization, a phenomenon that again seems to favour the richer of this
world, we got rid of our factories and industries and moved them to China
because of their very cheap work force. We became manic consumers that even the
music we listen to is ephemeral and so we have created reality shows to satisfy
our appetite for junk.
We even prefer to eat junk-food. Most of the young kids today in the developed European countries do not want to be doctors or lawyers anymore, rather popular celebrities, foot-balers and foot-balers' wives, pop singers and models.
We even prefer to eat junk-food. Most of the young kids today in the developed European countries do not want to be doctors or lawyers anymore, rather popular celebrities, foot-balers and foot-balers' wives, pop singers and models.
So how can we reverse all this decay and not only revive our
economies but our culture as well, as those two seem to go hand in hand in
Europe’s history? My opinion is to examine as a group of nations what natural
resources we have in every country and exploit them collectively. We should set
up pan-European bodies that will fund and invest in exploiting those resources,
reinstall our industries and invest in new ones like green energy.
But also invest in reviving and promoting our culture and
heritage, our music, cinema, cartoons, art, fashion, architecture and
literature. Subsidize the artists and scholars, not the bankers! Michelangelo
was subsidised by the then rich religious elite of the time, in order to create
his most famous artworks that we still admire today. What are we doing to
promote culture to our kids and help them experiment with it and be creative?
We should be exploiting every potential recourse of growth
and income we have, not just our banking, property and other financial sectors.
Easy profit and money only created bubble economies and we saw the outcome of
these recently. But if we want to achieve all the above, we will have to
re-educate our youth and promote different kind of role models.
With that, we should promote legislations that would help
young people in Europe to express themselves, start business, start a family or
become fully independent as soon as possible and that of course requires to
combat youth unemployment. Only then our youth will reach their creative
potential. We should establish tax reliefs for the young, not the rich few. New
job opportunities in our new industries for all young people, all over Europe
not just the rich “North!”
That of course will mean that many will lose their
monopolies, especially in the rich countries. We will see a transfer and
sharing of wealth, but not in a bail-out form as we are used to now. We won’t have
the taxes of the workers of a few countries be used to keep unproductive and
easy to manipulate the rest of their “partners.” Rather shared opportunities equally
distributed across Europe and not just in few.
New education systems and universities that can be linked or cooperate with each other even more closely than now, will enable our young people to become young scientists. We could use those new scientists to expand our innovation and scientific research.
New education systems and universities that can be linked or cooperate with each other even more closely than now, will enable our young people to become young scientists. We could use those new scientists to expand our innovation and scientific research.
That in turn will create a new type of industrial
revolution. Instead of wasting money in bailing out the banks, securing the
interests of the few, keep the status quo and balance of power in place, we
will have a collective renaissance across Europe. In all necessary fields:
cultural, scientific, industrial and economic. Simply because they all have to
go together, if the stability and prosperity is meant to last.
An educated person with reasonable career opportunities does
not easily make the mistakes that many in the hardest hit from the crisis countries
like Greece, Portugal and Ireland did over the past decades. Tricked,
manipulated and deluded by their leaders who answered to rich elites inside and
outside their nations, with limited education and qualifications, is there any
wonder that they messed up?
But our leaders instead of promoting growth and investments
in all the spheres that I mentioned above, they are looking to promote only
economic growth, in the form of bail-outs and support for the banking system.
That unfortunately has negative effects in all societies and in Europe
collectively. It creates divisions among the European populace and it
impoverishes the receivers of this “aid.”
That aid that has as only purpose the exploitation of the natural resources of the weaker nations by the rich elites of the northern European countries. We can see that clearly in the case of Greece, where our lenders ask from us to sell to them heaven and earth, in return for their “generosity” and “support.”
That aid that has as only purpose the exploitation of the natural resources of the weaker nations by the rich elites of the northern European countries. We can see that clearly in the case of Greece, where our lenders ask from us to sell to them heaven and earth, in return for their “generosity” and “support.”
Sixty years ago, while the ashes of Europe were still warm,
some enlightened people dreamed of a better, different Europe. And that led to
what we called today the E.U. the European Union. But this dream became a
nightmare recently, simply because our leaders are so easily corrupted by money
and power. They rich elites of some countries dictate the fate of the rest of
the continent and drive them into the old feuds, divisions and nationalism, a
dangerous mix to have with an economic crisis.
So instead of unity, diversity, solidarity, and growth we
have bigotry, nationalism, greed, protectionism and divisions. The dream of
real European renaissance after WW2 was flushed down the drain with the help of
billions of euro from the banks, the help of the markets and the rating
agencies and the power mongering of our ruling elites. And even still, on the
verge of a total and catastrophic collapse, they refuse to invest in our youth’s
future rather save and protect the investments of the few.
To me they just reflect the decay that Europe suffers from;
we are an old, tired and sick continent. The remedy to this situation is not
just a financial one. It must include a cultural and industrial regeneration, a
new renaissance that will mark a new path in our history. Hopefully we will be
able to walk this path together, united in some form with the common good in
mind. A utopia? Most likely. But the more our leaders waste time trying to
preserve the interests of the lobbies they answer to, the more this utopia
becomes more necessary and urgent!
That of course caused an uproar among many other European governments like in Germany. Many have threatened to withdraw any further funds to Greece, others predicted the country's exit from the euro-zone.
A number of Germany's and EU officials mentioned that solidarity works both ways and if Greece wants to receive help, it must continue the austerity program and commit to what it agreed in order to receive more funds.
Yes but with what price? The euro and everything that the EU represents and promotes must be for the betterment and benefit of the people of all EU states. Right now what we have in Greece is a total collapse, social, financial and even moral. In a country with very few suicides per year, they now became a common occurrence.
Austerity hasn’t worked in Greece at all, it only put the Greek people in a terrible position to repay debt that was deliberately thrown on to them. Austerity would be good if it was combined with investments, cut the salaries but invest in creating jobs and new industries. So far only the first has happened and it is disastrous for the Greek people. The nation’s pride and confidence is at the lowest point and we are being treated like the Jews were before WW2.
Apart from the slander and the fact that we are being used as the scapegoat for the euro-zone's woes, there are many reports among the Greek diaspora of discrimination and abuse of the Greek ex-patriots, simply because they are Greek. Notably in countries that “give their taxes to the corrupt and lazy Greeks,” like Germany, Austria, Finland and Holland.
Not a great example of European solidarity is it? It is a shameful act and those responsible are the European governments who allowed this to happen.
The euro-zone was flawed by its birth, it was more of a currency union than a monetary union. Our leaders knew that, but still they went ahead with it. Thus the euro became an ambitious project and a symbol for Europe, but to the expense of the ordinary citizens. What good is to a European worker to have a symbol of "European unity," when he has to pay such a high price for it?
What people need is to be convinced that if they take the austerity, better days will come. Right now Germany and the Greek government insist on more austerity, something that the Greek households can not withstand.
If they announced a program for recovery and growth, or at least a road map to end the austerity and begin a relief process, I am sure the Greek people would respond more positively. After all the Greeks showed their support in a recent poll for the euro, with a 75% saying they want to keep the common currency.
And if you think that the Greeks deserve all this because they were irresponsible, well that is only true for the corrupt governing elite and their accolades. Is it fair to put the ordinary citizens under such a harsh ordeal, just to punish the incompetence of their past governments?
How could the Greek public have known that the country was not fit for the euro-zone and that our government lied about the country's finances to enter the euro-zone? They lied to us and apparently they lied to the rest of Europe, but personally I doubt that European governments were ignorant about it. It is well known that the EU Commission knew but did nothing about it. So does the blame fall only on Greece's shoulders?
Our leaders created the euro with many flaws and occasionally all EU states at some stage have bended the rules. The first to do so were Germany and France. As for the debt, it has been accumulated from the exposure or the European banks, mainly the French, German and British to the toxic debt of the USA.
Germany’s economy too was in tatters after the re-unification, but its recovery was partly based on high inflation of those nations that now are in crisis and Germany’s trade surplus against those countries. In other words, our then booming economies contributed to the fixing of the then limping German economy, only to be forced now into an austerity.
Greece’s expenditure is also wasted in its defence and weaponry. Mainly from Germany, France and the USA. So while the Germans are giving Greece money to “save us” they are happy that we buy their tanks and submarines to protect ourselves from where? The Turks, a NATO ally of ours.
The Greeks were blamed for overspending, but it was German cars that they were buying. So by overspending, they were actually supporting the German economy. Perhaps if they did not have developed this bad habit, Germany's economy would not have benefited so much. Besides, it was not only the Greeks who went on a spending spree, but the Irish, the Spaniards and the Portuguese fell in that trap too. All of Europe was overspending, but the smallest countries get always the "spanking!"
There have been also many scandals involving multinationals, among them many German like SIEMENS, of tax evading in Greece. But it is the poor Greek tax payer that is called to pay his taxes while the multinationals, who obviously owe more to the Greek state do not have to face the same rules.
How can we solve the crisis when it is Germany again who opposes the eurobonds, a more viable solution to save the euro. They fear that this will harm their competitiveness, so instead they want to impose the new Fiscal Treaty on others. The Treaty is good to control how much does a country borrow or spend., we need fiscal discipline and unity in the euro-zone. But Germany was the first to bend the rules in other Treaties, who is going to control Germany if they break this one too?
The solution would be, if our leaders want to keep the euro to have a full fiscal union, but that is what Germany and many other "core" European countries oppose for the moment. Bailing the weaker states out with high interest is much more profitable for them, because interests have to be repaid.
Greece does not need austerity, it needs systemic reforms to modernize and update its taxation system that is so complicated and riddled with red tape. It needs to create jobs, cut down on its public sector and stream line its economy. Not have its population starving and being unemployed.
Germany has highjacked the euro-zone and the European project and they are trying to repeat what they did in Eastern Germany on Greece. There they were successful, but can we also get the factories and development to go with it?
The euro is a great symbol of unity and of prestige for Europe. But keeping it alive to the detriment of the people is not justifiable. Austerity would be good if coupled with growth stimulus and funding. Just austerity, and in its harshest form, only turns the public opinion’s against the euro or the European project and it is simply scandalous as all this is happening to save the banks and the please the Markets.
Nothing has been achieved in Greece for the past two years of austerity apart the rise of the far right and the far left. That makes it harder to cooperate and find a solution both within the Greek government and Europe. We need to start seeing investments now in Greece, but all we get from “our partners” are threats!
So even if I support the euro, if it means that the Greeks will have to suffer more cuts and without a plan for recovery, I suggest that Greece should exit the single currency. We should rejoin only when the rich states have eventually decided to create a true fiscal union, fix the eurozone, heal its flaws and when they accept new members, they have to make sure that everything is in order, both in the new member’s books and in theirs.