Europe is therefore more disunited than ever

Commercial and monetary imbalances world exacerbate the tensions between the major economic areas, and between the countries of a region. The last g-20 was to highlight the obstacles to a cooperative solution. Of course, it is likely that the arm of américano-chinois railway ended in an armistice. Because Wal-Mart need plants of Shanghai as Beijing needs to Wall Street.

With this great bargain, Europe is helpless, passive, marginalized, divided. In the large international money fight, the euro used adjustment variable. After the Greek crisis in the South, the area is again energized, this time to the North, with the Ireland. The risk of attack possible in the financial markets against one of the major economies of southern Europe, or even the France, said. As the European Union proved unable to in place a real cooperative policy. A hope for a United Europe was succeeded by a multipolar Europe.

Remained outside the euro, the British pole retains its freedom of manoeuvre. The United Kingdom away more of the continent. The decline in Europe.

In the euro area, the German pole is now a central place, look bolted to the East. Our neighbour is thus its zone of historical influence. The Soviet threat and the Berlin Wall did switch to the West. The Germany now turns to the East and the Orient. An industrial Germany growing delight of market shares to other European countries. A Germany whose surpluses are the reverse of the deficits of its neighbours. The countries of the East are industrial workshops, the Russia, its deposit of raw materials and energy, China and the far East, the customers of its capital goods.

For its part, South Europe share drift. The Spain descends to the underworld after the bursting of the bubble, while Italian industry is taken between the blows of battering of the German industry and competition from emerging countries. Remains the souterraine economy

As the France, it lacks a coherent strategy. The policy of austerity is evil its economic model based on consumption. At the industrial level, the hexagon lost to the emerging consumer products. In intermediate goods, our country has let go decision centres essential, with Pechiney and Arcelor, resulting in de facto the decline of entire channels. Equipment now suffer assaults repeated German industry. As such, the loss by Alstom for a market of Eurostar at Siemens is much more than a symbol. In reality, the problem of the France is more Germany than China.

Europe is therefore more disunited than ever. While the single currency did expect a convergence of economies, the divergence is imposed. Each country specialises. This evolution was predictable. It was sufficient for it to refer to the theory of comparative advantage.

The specialization of countries seems to be normal in a monetary union. But the proponents of the single currency had not expected the failure of cooperation, the expediency of the strategies, the fragility of solidarity. Finally, since the launch of the euro, national interests predominate.

And it is too late to back. A decade of fiscal, budgetary, social, wage, industrial, differences in innovation, left indelible traces in economic models of each.

The refusal of federalism erode more Monetary Union. The countries of southern Europe - and France - are faced with the dramatic problem of overbudgeting for the European currency. There is no only to emerging countries! Several countries have a serious problem of competitiveness to the Germany.

A look more closely, many of the mechanisms that caused the break-up of the European monetary system (EMS) in 1992-1993 to put in place. Under the attacks of the markets, the Italy and the Spain had devalued, the book had been ejected from SME. A few months, the set of parities had redeveloped. The Mark was in fact reassessed in.

Of course, the context is different. The book has retained his freedom. With the euro, the capacity of resistance is stronger. But no devaluation, or any other mechanism allows countries vulnerable to quickly find their balance and competitiveness. In the same way, nothing forced the Germany to re-evaluate. What is a fantastic opportunity for her.