Wednesday, May 16, 2012

Merkel & Hollande meet over Eurozone Crisis

Germany's Chancellor Merkel and French President Hollande have met and agreed to keep the 'Eurozone in place with a strategy for 'growth'. However, the diplomatic consensus is still short of details and a time frame. Can diplomacy catch up with the fast-changing conditions and emotions on the grounds 'where rates of unemployment are soaring ? Greece is holding another election and its departure or exit from the Eurozone is now not unthinkable as folk's livelihood becomes harsher. Latest figure shows that the jobless rate in Greece has reached 22'%. Politically, there is also a pressing task for social democrats, liberals as well as enlightened conservatives in Europe to unite and also join forces against the resurgence of ethno- and religio-nationalist Right.