End of update
Last Sunday, I had a great time with my hubby talking about the EU and US. Throughout the conversation, I realise some stupid mistake the EU government did to cause partial of the global crisis today.
1. EU was formed to centralize the Europe as a single market, the free trade among the EU countries. Free trade is to allow the trader to trade without interfere from the governments. It suppose to increase the GDP of the countries as well as helping each other in the EU countries (in short explaination). However, the EU government failed to consider the economy and political stability of the countries before recruit these countries. In which they have not foreseen the Greece's future economy.
2. There is no way you can use single currency for all these 27 countries for the difference economies and difference policies being used by the countries. Have they even thought about the cost of living and the previous value of their currency? Hence, now we know why the smart Britain did not wants to change their then strong pound sterling to Euro. And what if the country has very high inflation rate? Will another country like ZIMBABWE?
3. Have they really look into these 27 countries? It is not like joining a club, more members, the more profitable the club rather than the more countries are joining, the more complicated the policies (either fiscal or monetary) can be. Some of these 27 countries has got high unemployment and poverty rate. I am not being discriminative but it is common sense that these countries will take advantage of the country which is richer in term of economy. Ex. Polish cross over to the GB to work. Thus, the economy welfare will be ripped off by the poorer countries.
On the other hand, what US have done to us during the downfall of the economy? China have been trying to save as much energy as possible. Even country like Malaysia which have long time been practicing I-CAN'T-BE-BOTHERED attitude, have swap to the green recently. Huge thanks to the BP, by now, you shall never choose your favourite car to buy. Rather, you shall choose the car with the best energy option. And dear technology inverter, be prepare for your challenge. Before you invent something else, THINK of energy sustainability - no more oil in the future.
What do you think? I might be wrong but I stand firm on blaming it all to the BP. Why now??!!