På G20-møtet i Mexico har eurosonelandene gitt signaler om å danne en union som omfatter bank og budsjetter. Tyskland ivrer for en slik sentralisering, men ikke Frankrike som ikke vil gi fra seg kontrollen med budsjettene.
EU og eurosonen befinner seg ved et veiskille. Sterkere integrasjon eller renasjonalisering. De fleste landene befinner seg mellom barken og veden. De vil gjene ha Tyskland økonomiske muskler til å dra vogna ut av gjørmehullet. Men de vil ikke gi fra seg makten.
Faren er at alle disse motstridende interessene vil resultere i stasis, handlingslammelse.
Under pressure from financial markets and anxious world leaders, Europe agreed on Monday to move towards a more integrated banking system to stem a debt crisis that threatens the survival of the euro.
At a Group of 20 summit of the world’s leading industrialized and developing economies in this Mexican resort, Germany and its big euro zone partners took the unusual step of spelling out in detail measures to complete the economic and monetary union they launched to great fanfare 13 years ago.
Among the commitments in a draft G20 communique was a pledge to consider concrete steps towards a “more integrated financial architecture” in Europe that would include common banking supervision and firm guarantees to repay bank depositors.
EU President Jose Manuel Barroso showed frustration over the pressure which is piling on Europe to act fast. He said G20 members must understand it will take time for the 17 euro zone democracies to agree on how to build a full financial, fiscal and political union and asked fellow G20 members to stop lecturing.
“We certainly are coming here to receive lessons from nobody,” he said.
Det første EU burde gjøre var å innføre garantier for bankinnskudd som dekket hele EU. Da ville man hindret den panikk og kapitalflukt som Hellas har opplevd.
EU er mer opptatt av å redde bankene enn folks sparepenger. Det kan ikke gå godt.
A narrow victory for the conservative New Democracy party in the Greek election on Sunday eased concerns the heavily indebted country could exit the euro zone soon. But it did little to calm financial markets, which fear a euro zone breakup has only been delayed and will drag Spain and Italy into the maelstrom.
“The win in Greece does not really resolve anything,” said Boris Schlossberg, managing director at investment advisory firm BK Asset Management in New York. “It’s still going to be tough for Greece.”
Fitch Ratings agency said the Greek result had lowered the risk of a disorderly default and the scenario of a euro zone exit, but it also warned that any new government in Athens was likely to be fragile.
After an initial relief rally, the euro fell against the dollar. Spanish bond yields hit a new euro-era high above 7 percent.