There seems a fundamental paradox in austere measure as an answer to a need for economic growth. Yet the markets seems to be overpowering logical decisions, and progressive economic policies seemed handcuffed by an insatiable need to restore financial stability to global financial institutions.

Indebted Euro zone countries policies are in a strangle hold by the current economic downturn. The markets are demanding those in the red zone act swiftly and aggressively in order to blow out the fuse on the powder keg of instability which is currently planted firmly underneath the Euro. Appeasing the will of the markets is an obligated political commitment and the need to implement austere measures is a political reality.

The rules of the Euro zone necessitate the immediate introduction of punitive cuts in the exchequer coffers of those culprits who have for too long thrown the rule book out the window. Reducing spending, implementing severe cuts and ending the addiction to borrowing by some Member states makes sense holistically for Euro survival.

However for struggling Euro economics this represents the ultimate paradox. Economic growth is the engine to drive a crippled state out of recession. With growth comes employment, with employment comes tax generation/welfare alleviation all of which contribute in a progressive fashion to the erosion of national debt.

While European political will is very much in favour of halting the brakes on borrowing and paying back the backers by any means necessary. This will is shaped by a ferocious need to protect the Euro, but conversely the need to protect the Euro is most sacrosanct to these very borrowers in the first place.

Staying alive in the Euro zone is going to become increasingly more hazardous on the socio-economic structure of struggling Euro countries. The rules of the game have changed and many may begin to question; is competing in the Euro zone and abiding by its accompanying rules beneficial or a bulwark against true recovery? Is the survival route being applied by most governments the only method of salvation?

A subservient method of applying beneficial Euro-centric policy to the behest of the national economy is the current prescription, alternatives are muted and perceived as potential fractious to European stability.

Perhaps a new departure is on the horizon but intrinsic foreboding about market retaliation is clouding any new vision.

The Euro is continually slipping towards parity with the dollar, regardless of the frantic implementation of bailout reserves, austere measures and staunch financial regulation. Perhaps a European wide solution is not the true answer to staying alive in the Euro zone. Devaluation of the Euro is not an option as no one country is singing from the same hymn sheet. A dislocation of indebted member states to revert to a national currency, devaluing it and leaving the remaining “strong economies” to restore confidence to Euro stability maybe the only way to stem the fate of the currency.

Political will is diametrical opposed to this notion at present but is it plausible that any indebted countries government can survive a new tenure while subsequently applying furiously the necessary means to keep the Euro afloat. Something will have to give and unfortunately the current toeing of the line may have damming repercussions which could paralysis many economies and their citizens .

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