Skip to main content

EUROPEAN COMMISSION PRESIDENT JOSE MANUEL BARROSO


To       The Right Honorable European Commission President José Manuel Barroso   
         
From: Athinarayanan Sanjeevraja

Date:  14.11.2011

RE:       Euro-zone debt crisis

Suggestion: United States of Europe can solve the debt problem much easier

Good Morning President. If we keep doing the same, things will never change. Obviously to keep the Euro strong we cannot let any European Union members default. The failing of the Euro will surely lead to the failing of the EU. The success of the European Union is dependent on all of the countries within the Union. If one of the country economies starts to fail then slowly it will affect everyone else in the EU. My point is EU members are start to thinking more European than national. We need to start shouldering our part of the responsibility in this crisis instead of criticizing one another. European Union is not one of those things to treasure when good times role on and discard when difficulties come. Each member state has benefited enormously from EU. Now it is time for every member would be there to stand by the others. European Commission/EU must coach PIIGS how to implement effective economic laws so that crony driven economy can be turned into a competitive market based economy. For instance, PIIGS countries need to completely revamp their economies, i.e., cut benefits, cut spending and increase taxes.

We are in a dire global economic situation. We, therefore, should come to conclusion that there is a principle flaw in our economic thinking. That is Eurobond. I keep insisting you since May 2011 that the solution for Euro-zone debt crisis on the table. Either we accept a common Eurobond or break up the EU.

Thank you very much for letting me states my opinion.

I am Athinarayanan Sanjeevraja with great respect of you

http://www.athinarayananadvisoryauthority.blogspot.com

Comments

Post a Comment

Popular posts from this blog

Nagorno-Karabakh conflict

To put things into perspective, Nagorno-Karabakh is not an independent entity but an occupied territory of the Azerbaijan Republic and is recognised by the international community and the UN. The fact that the Armenian Prime Minister's son is doing his military service in the Armenian army located in Azerbaijan's Nagorno-Karabakh and started an undeclared war against Azerbaijan, occupied Nagorno-Karabakh and 7 adjacent regions of Azerbaijan, and massacred and forcefully deported Azerbaijani aborigines was the main reason for the lack of peace in the region. The laws of armed conflict failed to protect the Nagorno-Karabakh civilian population, individual civilians, and civilian property. The laws of armed conflict failed to discriminate between those taking parts in the fighting in Nagorno-Karabakh. The laws of armed conflict failed to protect the environment as war causes severe or long term damage to the environment. The fact here is that there is a number of international doc...
Post a Comment
Read more

SUGGESTION TO WTO DIRECTOR-GENERAL PASCAL LAMY

SUGGESTION TO WTO DIRECTOR-GENERAL PASCAL LAMY To:               The Right Honorable World Trading Organization Director-General Pascal Lamy    From:           Athinarayanan Sanjeevraja Date:            October 22, 2011 RE:               Future Multilateral Trading System Suggestion:    Strengthen the Multilateral Trading System.     Good Morning Sir. You were talking about defining elements of tomorrow’s multilateral trading system at Deutsche Bank in Berlin on October 6, 2011. The multilateral trading system has been an enormous contributor to global prosperity by opening up markets around the world. WTO encompasses both positive and negative integration. Agreements to enforce minimum...
Post a Comment
Read more

SUGGESTION TO THE BANK OF ENGLAND GOVERNOR SIR MERVYN KING

SUGGESTION TO THE BANK OF ENGLAND GOVERNOR SIR MERVYN KING To:               The Right Honorable Bank of England Governor Sir Mervyn King   From:           Athinarayanan Sanjeevraja Date:            October 17, 2011 RE:               QE Suggestion:    Identify and correct the fundamental factors that are behind low economic growth.  Good Morning Sir. The Bank of England has decided to undertake more QE. I agreed that during the financial crisis of 2007-2008 monetary policy was effective in re-establishing liquidity in the main developed economies especially US, UK and Europe. But current economic conditions in developed economies reveal problems whose solutions are far beyond the scope of monetary an...
Post a Comment
Read more