In an all out attempt to prevent a new European catastrophe the governments of both Greece and Italy have come together in an effort to reconcile the current crisis taking place in the European Union. This has unfortunately brought about a very real tendency to chase the hard times in store for the Union with nervousness and trepidation. The reality of the EU’s fiscal irresponsibility is becoming painfully obvious to those on the online forex exchange. Being able to safeguard the interests of the European Union will be somewhat difficult in coming months as things continue to deteriorate. The likelihood of continued stagnation and trouble within the European economy is assured due to a very real set of problems that will not end any time soon. The simple hard fact of this situation is that Europe needs to abandon many of its entitlement programs, unfortunately they are not very easy to modify.
The citizens of Europe have grown used to the amount of help occurring within their government and are not willing to part with it easily. The manifestation of the discontent among this population has been a good deal of rioting and other disturbances. Quite frankly these things are going to continue to be a problem for much of the EU until there are policy changes in place to accommodate the growing discontent among citizens. There needs to be some very serious policy changes made before the new austerity measures are put into place. This is going to continue for the near future so long as people are not willing to accept the budget cuts necessary to stabilize the economy.
The Italian and Greek governments have become so desperate that they have started to work together in a concerted effort to improve the situation. The unfortunate reality of this situation until the citizens of these countries accept their situation there will not be any rest. Greece and Italy are both in serious trouble financially, and both have experienced a huge level of rioting and other public disturbances. Unfortunately nothing the government has done as of yet seems to appease these groups, and they have continued to act in a manner that is causing a good deal of concern among the world’s investment community. The ability to pursue the right course of action is constantly being given to and taken away from the governments, and this will continue until there is consensus for a course of action.