The euro crisscross

4 January 2012 07:07 pm - 1 - {{hitsCtrl.values.hits}}

A A A

It is, however, hoped that the forthcoming summit will finalise a draft proposal enabling almost 26 of the 27-member states to restructure their existing monetary infrastructure and work out modalities for overcoming stagnation in growth and productivit.
The prime intention behind the cobbling of resources and talent is to avoid a default at whatever level, and get the euro going. How articulately the leadership is going to achieve that goal doesn’t have any simple answers, but it goes without saying that collective decision-making has unfortunately become a secondary issue.

European leaders are in need of rewriting the terms of engagement and in doing so they should not be bogged down at the hands of economic exigencies. The very concept of political pluralism beside economic cooperation has come to a naught, as reservations from individual member states over the last two decades on almost every flimsy context had destabilised the path of integration. The Scandinavian countries have their own ifs and buts, and so is the case with central European states, namely, Austria and Switzerland. The big four of Europe have their own dilemmas to cope with, and the prime among them is an irresistible competition. No better is the case of economies on the brink: Greece, Italy, Finland and Spain. This brings them, nonetheless, closer to what had been agreed in principle, and that is to create a cushion fund for ailing economies and choreograph their fiscal plans for years to come.
The mantra of regulations and reforms hasn’t worked to this day, and there are tricky issues on taxation, pensions and investments that have kept them off in bad light. Starting off on a pessimistic note this year, Germany, France and Britain have no choice but to buck up for a deal on austerity, growth and funding. Saving the euro should be a mandate and not merely an option.
Khaleej Times

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Comments - 1

Dr.Rohan Perera Thursday, 12 January 2012 07:36 AM

It is indeed strange to see a educated gentleman coming from a good family behave in the most unpredictable manner. Ranil wickramasinghe is hellbent on taking revenge on people like sajilth, Karu, Dayasiri, Rosie and many more who are really getting support for the party.What action is he taking against himself for breaking the constitutional requirements on innumerable occassions. Recently he is supposed to have opened a website? really it is a blog, it cannot be opened.
Is he been influenced by the incompetent secretary and the senior fossils, What a shame we who have been the strongest supporters of the UNP are led down the garden path

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

The euro crisscross

Comments - 1

Add comment

RECOMMENDED

Bittersweet memories of a ‘City that never slept’

Revisiting the Attack on Thirukumar Nadesan in India

Spotlight on Attorney General’s Department and Public Service Commission

How a 19-year-old TikToker is helping bring back the Woolly Mammoth!

Unmasking Sri Lanka’s Pyramid Parasites

Writing Letters to Michele Bachelet Causes Turmoil Within the TNA

A state-sponsored elephant racket in the works

Most Viewed in News

President said some recommendations cannot be implemented - Cardinal

Authorities unhappy over people’s reckless behaviour

US tourist left SL after 5 hours stay; minister calls for probe

SL hit by rising cost of living wave

Revisiting the Attack on Thirukumar Nadesan in India

Lobby group threatens legal action against use of MRNA vaccines in Sri Lanka

TODAY'S HEADLINES

Sailing to protest against Indian poachers

Cardinal Malcolm Ranjith calls for support of international community President said some recommendations cannot be implemented: Cardinal

New variants can enter the country at any time, warns Health DG

Lovers electrocuted by live wire in cinnamon plantation

MIRROR CRICKET

England take early T20I series lead over Sri Lanka

New Zealand clinch World Test title

LPL 2nd edition from July 30-August 22-SLC

Sanath Jayasuriya signs as coach at Melbourne cricket club Mulgrave

Scotland in shock win over Bangladesh

Kandy Players Seek Fair Chance

Du Plessis to make first appearance in LPL

Oman trounce Papua New Guinea in T20 World Cup opener