The failure of EU states seeking bailouts for its crony bankers at the expense of austerity upon citizens lays not in lack of funds, but in its lack to provide opportunites and jobs to citizens once austerity measures takes place.
Citizens too understand the need to keep banks healthy, espacially when those funds there belong to them. If the bank goes bankrupt, along with it their wealth too. Citizens do not want that to happen unless there is no choice.
But there is a choice. End further loans, go for austerity, BUT AT THE SAME TIME, target and bring in foreign investors into manufacturing and service sectors thereby creating jobs, NOT BY BUYING STOCKS OR LOANS TO BANKS. Enough of giving blank cheques to policians tempted by greed and power whom will only misuse it.
The EU can still be saved, however it will need massive amount of funds. But truth is, there are PLENTY of wealthy folks around, even local citizens, whom had hoarded their wealth, and are only waiting for good opportunity to invest it, rationally, and can be convinced that stock exchanges are but rigged casinos and more dangerous than the real economy.
May the EU leaders for once do the right thing, or it will be the end of Europe.
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China
Currently China's CCP gov is the bad boy of our economic world. It protects its own industries, and yet dump its toxic junks onto other nations. It land grabs unconscionably, keeps its citizens working in State Owned Enterprises, local and foreign corrupted corporatists factories, in poverty, working long hours to earn a living with no social welfare. Even their own citizens are protesting and rioting against it now. 180,000 protests in China this year and rising.
It attracts MNC's, but will not hesitate to copy its intellectual property, and from an adjourning factory, produces and sell copies cheaper by the dozen.
It manipulates its currencies, so that its exports will always be cheap, but imports expensive. It is also smart in that whatever resources it needs, it buys up cheaply from pathetically poor nations around the world, robbing the citizens there blind.
It can certainly yell for 'free trade' and 'tariff free', simply because they will accept no rule of law except theirs. Anyone who complains get to see their flexed military 2 million strong muscles. The heavily corrupted CCP is neither fair nor free.
Time someone internally or externally tell them off to wake up, acknowledge their faults, change and behave, We are all one species, can share this world, but not by beggaring thy neighbours.
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You.
You are the most critically element to end the chaos in our world. May you choose wisely, for alone you may be powerless, but when combined with me and everyone else, we are the true superpower to be reckoned with. Action is critical now, for billions need to be fed today and into the future, and jobs through ethical and regulated trade/investments is the only solution.
May you, on your own free will, choose wisely your support.
edit on 15-11-2011 by SeekerofTruth101 because: (no reason given)



