Financial Stability

May 30th, 2011
Financial Stability

It is no surprise that the EU is developing a serious financial fever that might let it down in the future. Greece is falling apart and unfortunately it is pulling the whole Euro zone back. But this is not the only problem, the lack of some serious regulatory measures allow abuse of Union law and thus countries from the Eastern European region continue the abuse of financial means granted to them in strategies developed by the Union institutions.

To be equal, peoples need to be treated in a similar ways. However, this seems to be the wrong position according to the Union. The institutions still treat differently different Member States. Little has been done for the integration of countries like Bulgaria and Romania. The two states suffer from economic deficit and what they need is economic support. However, the what the Union does is pour production in these countries that replace their own on the domestic market. Thus people that produce in the country cannot sell their goods. This is the reason why the goods freedom needs to be controlled in favor of markets with more serious financial problems.

Furthermore, the distribution and allocation of funds in the Union is uneven. It is true that some states need more years of participation in the Community if the want to be treated in a better way. However, while in countries such as Germany even the tiniest part time Teaching assistant jobs are quite well paid and many EU programs operate in their favor, high positions such as lawyers are still underestimated in Eastern Europe and people need private businesses if they want to progress in life.
So the conclusion is hard to chew but easy to comprehend – the problems with the EU are inequality and uneven treatment of actors. Huge players like Germany and France still continue to determine the future of smaller and less powerful states that need desperate attention and financial support.

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