...This is impossible if doubts persist about the sustainability of the debt of
sovereign states."There is every reason to have doubts about the
sustainability of the debt of the European states. The debts are extremely high
and the economic growth is very slow. It is ridiculous for the new Socialist
government in France to claim they will seek gowth rather than austerity.
Europe's growth was very slow even when the many of the world's
economies were growing rapidly, they aren't going to grow well now.
Socialist policies have been Europe's policies for a number of decades now,
it lead to very slow growth then and will do the same now.