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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

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