Can Europe Save Itself From Economic Disaster Essay Sample

New dialogue on fundamental reforms has been raised again in EU. The president of the Republic of France plans to reduce taxes on business and make some more moves toward liberalization of economy. It sounds pretty interesting due to the fact that he participated in elections with completely different moto in the nearest past. Even the Prime Minister of the Republic of France Manuel Valls traveled over Europe to communicate and confirm this message. Even such countries as Spain, Greece and Portugal report economic progress as a result of liberalization.
On the one hand, this fact should give some relief to Germany, Brussels and Central Bank who suggested such step. One the other hand everything is unclear. It is a well known fact that Germany is strict budget control follower and a strict budget control is an obligatory condition for any assistance of Germany. Germany is concerned of big losses to the German taxpayer and the destruction of the country’s credit standing. It is not a secret that when a crisis comes it is Germany’s assistance.
Even Angela Merkel has noted that the plans for reforms of Renzi are “incredible” though they are still bad formed and will cause a lot of discussions in parliament.
In other words, Germany is skeptical of all this reforms because it considers budget control as a very important part of internal policy. And all the statements of austerity of the countries in question are just a simple instrument in the internal policy of states.
Milton Ezrati. “Economics” “Europe is talking about fundamental reform, again, But will it actually happen?“. Web. 25 Nov. 2014 <http://nationalinterest.org/feature/can-europe-save-itself-economic-disaster-11693>