A NEW EU LEADERSHIP IN A DILEMMA

 

A NEW EU LEADERSHIP IN A DILEMMA

It is miraculous that Sarkozy was defeated by the socialist leader Hollande in the France election .As a result of this the Markel-Sarkozy move against the Euro Crisis may be delayed or may be move on other direction because one remarks is very much important that the stimulus package of EU debt crisis may be suspended for which Greece, France, Ireland, Spain even France will suffer and common fiscal policy may be left unimplemented. Besides, the new Stability and Growth Pact will be problematic. On the other hand, if stimulus package is suspended the agitation in Greece may revamp and the destabilization of economy will continue. It is expected that how the socialist leader-Hollande will co-operate with Markel of Germany or with EU nations, how they will co-exist regarding the solution for Euro crisis, how they will exchange their views on the criteria of Maastricht treaty , are really difficult situation to handle with. If the proper understanding on Euro crisis is not met up, the single currency Euro may disappear and the fragmentation of EU on monetary integration appears to be accelerated. International monetary system will be turmoil and regional currency system will get a shock and regional trade integration as well as regional monetary integration will fail to contribute in the world monetary order.