It is evident that for the Euro to survive it will be necessary more Federalist steps inside the European Union. The present Confederation is not enough. A Government body which can borrow money for the whole Eurozone and lend it to countries like Greece will be the next step so the same way as international investors cannot play with the Greek drachma because it doesn´t exist anymore, they will not play with Greek´s sovereign debt as there will be Eurozone sovereign debt. Structural and Cohesion Funds will be interdependent to the management of the Budget. And, of course, that will not be enough to make any nation competitive as it will need to change labor laws and cut inflation...

Who is this nice guy which has €750 billion to borrow to EU? Where is this money com from? May be these are the same guys who perform crises every five years on regular basis? This is ridiculous, EU is the wealthiest union in the world. EU has man power, paid taxes, productions. EU even has money for the two wars! And then crises after crises, after crises. It looks like EU load all their money to off-shore account then made a crises and borrow money from themselves to themselves. Who can prove that it is not a case will deserve this package of €750 billion. All these stories about crises are very fishy. Don’t you think?

We have to take into account that even if Spain´s budget deficit is similar to the U.S. and sligthly lower than the U,K.´s, Spain´s Public Debt is 10 points lower than both the U.S. or the U.K. I was watching now an interview with an economist called James Harold. He is completely wrong because Spain´s Public Debt is not only lower than Britain´s or America´s, but even lower than Germany´s. The problem in Spain comes from private debt, the same as in the U.K.