The only alternative for EU is to set up a union like USA a US of Europe

Jan. 6, 2012 - PRLog -- The only alternative for EU is to set up a union like USA a US of Europe
Surely it should come as no surprise that the banks are getting twitchy about the growing debt across Europe.
It is becoming more, and more clear that most of the European Union countries will have great problems to raise sufficient capital to pay off their debts.

The simple truth is that Europe Union cannot create real economic growth on the back of unsustainable borrowing.
All this borrowing can only be treated as a temporary reprieve to Europe’s economic problems.

The real growth can only come from productivity,  in manufacturing, agriculture, tourism, or services etc.  
The Economic growth from borrowing is destined to failure, because at some time in the future that borrowing has to be paid back, and without productivity you have no means of paying off your debt, and this is beginning to dawn on the banks.

The real key to Europe’s problems lays in the big question, which is will the single currency live or die.
All the indications are the euro will die, but there is one scenario that could save it. The reason the euro could well die is because as I mentioned above any present growth is based on the back of unsustainable borrowing.

EU have to come up with a plan that can create real growth across the very wide divergent range of all-European economies.
This is a very tall order, if not impossible.
The only alternative I can see for Europe Union is for them to set up a real union like USA,  a United States of Europe.

I don’t see this a United States of Europe happening either, because it means each euro zone country would have to surrender its sovereignty to single European President, and a single European Government.
I just don’t see the voters across Europe supporting this.  
Europe is not ready for a single national currency; therefore, the euro will fail.

What it would take for the euro to succeed would be a single, democratically accountable European government.
The French do not want to be led by a foreign prime minister who can't speak French, nor do the Germans want a foreign prime minister who can't speak German.

There is one scenario that could save the euro. If the Markets continue to force the value of the euro down to a much lower value relative to the rest of the worlds currencies then the things that Europe sells to the rest of the world, such as manufactured goods, agriculture, tourism, services etc., would create a boom in these areas.

Albanian Minerals President Sahit Muja said "A weaker euro will boost manufacturing production, which in turn will lift employment and all this will set in motion economic growth in Europe".
The euro devaluation is exactly what is needed to keep the European economy going.
Europe made products will be more attractive in global markets and European companies will export more and import less .

High costs of European products will have no chance to compete with Chinese, American and Indian products and this will be a disaster for the European  economy .
Job markets will always follow the largest exporters and low labor costs, low taxes and regulations.
Albanian Minerals President in New York, Sahit Muja said "The euro needs to drop in the value of 1 euro to equal 1 dollar".

In my view the euro will collapse, because I just don’t see a way for Europe to come up with a viable plan to use the single currency across such a wide range of divergent economies .
Albanian Minerals
New York

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Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe