Almost two years dominated by the financial crisis in the eurozone government bond market. There is a tendency that it can capture almost all the countries of the world, it is on this question of the stabilization of the market and the development of effective programs discussed at the EU summit in November. More than 25 Heads of State and Government of the EU came together to solve the main problem - develop an effective financial mechanism of the machine, stabilization, and stability of the countries facing economic problems. Must stop the growth of the financial crisis of the euro area, to bring countries such as Spain and Italy at the level of crisis management. Economy Minister Francois Baruen said that the ECB is ready to buy Italian and Spanish government bonds, and that will be one of the measures to address the debt crisis.
Among other things, he did not rule out such a fact that in order to save the eurozone require very difficult decisions will have to sacrifice even some countries. Positive feedback received Baruena intentions in Italy and Spain to cut budget expenditures, but need to make changes to the Constitution, only possible to establish the financial balance by 2013.
Eurozone countries and the European Union took an expanding every day, said European Commission President Jose Manuel Barroso, reports "Interfax". It became clear that the way out of the situation is, but it requires economic growth, the eurozone could face another recession. In the development of the financial situation of the countries came screeching halt, perhaps, it was a consequence of the fact that at one time the entire Eurozone construction was performed with a defect, too hastily adopted resolutions were too ill-considered action. This "boil" over time was discovered, which led to a wave of financial problems in almost all countries. Russian experts say that it is a systemic crisis signs appeared in Europe today, the premise originated long ago, programs and ways out of this situation, I had to find much earlier. Timely prevention can contribute to curb the spread of financial instability, and in some countries it is kept to a minimum.
At the moment the "cure" the euro area in two ways: either to start printing money, or to tighten their belts tighter and reduce the costs. On the other hand, if you turn on the printing press, the crisis can be suspended for a while, but does not do away with it. Germany, which is characterized as a practical country, of course, is against this method, urging the country to save and not overspend. What can happen if you start to tightly control the money? It is believed that the European economy can provide a "shrinkage", perhaps even more than now, but after the long-awaited stabilization.
Sprouting in the eurozone crisis began to take systematic, it was clear that without a clear program and radical revolution, this process does not stop. Have to get out of the difficult situation, the case may come to the fact that some countries will be sacrificed, as it is sadly not.