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Comprehensive Euro Zone Deal BEYOND REACH

Comprehensive Euro Zone Deal BEYOND REACH

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Published by EKAI Center

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Published by: EKAI Center on Dec 20, 2011
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12/20/2011

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Altfh7 fmo~zihi`vlqi iyzm wm`i diec*ji|m`d ziefh*
Azl# Dif 51 :>55J| Beql` Gm`iv e`d Vti~hi` Jzmr`ZMOI-JIZCL@ (Ziytizv, / Thi fzidlt zetl`b ebi`f| Altfh veld m` Azlde| lt thmybht efmo~zihi`vlqi vmcytlm` tm thi iyzm wm`i"v dijt fzlvlv rev ji|m`d ziefh# ~yttl`b vlx iyzm wm`iifm`moliv l`fcydl`b Ltec| m` retfh amz ~mti`tlec `iez/tizo dmr`bzediv.Lt zieaalzoid Aze`fi"v tm~/`mtfh tzl~ci/E zetl`b jyt iqi` hizi veld thi mytcmmk rev `mr`ibetlqi# oie`l`b lt fmycd ji dmr`bzedid rlthl` trm |iezv.Y`dizvfmzl`b thi ti`vlm`v rlthl` thi jcmf mqiz e fzlvlv thet hev v~zied zici`tcivvc| mqiz thi~evt trm |iezv# Ltec|"v ~zloi ol`lvtiz yzbid Iyzm~ie` ~mclf|oekizv tm jirezi ma dlqldl`b thifm`tl`i`t rlth thilz iaamztv tm albht ltv dijt fzlvlv.L` e vrl~i et Bizoe`|# hi rez`id ebel`vt e *vhmzt/tizo hy`biz amz zlbmyz* l` vmoi fmy`tzliv.Bizoe`| hev cid zivlvte`fi tm eccmrl`b thi Iyzm~ie` Fi`tzec Je`k tm zeo~ y~ ltv jy|l`b ma bmqiz`oi`t jm`dv m` thi m~i` oezkit tm e jlb i`mybh vfeci tm dmyvi thi fzlvlv# jyt Altfheddid tm thi ~zivvyzi amz gyvt vyfh e omqi.Altfh veld thet amccmrl`b thi IY vyoolt e riik ebm lt hed fm`fcydid thet *e "fmo~zihi`vlqivmcytlm`" tm thi iyzmwm`i fzlvlv lv tifh`lfecc| e`d ~mcltlfecc| ji|m`d ziefh.**Ma ~eztlfycez fm`fiz` lv thi ejvi`fi ma e fzidljci al`e`flec jefkvtm~#* lt veld. *L` Altfh"vm~l`lm` thlv ziuylziv omzi eftlqi e`d ix~clflt fmooltoi`t azmo thi IFJ tm oltlbeti thi zlvkma vica/aycalccl`b cluyldlt| fzlviv amz ~mti`tlecc| lccluyld jyt vmcqi`t Iyzm Ezie Oiojiz Vtetiv.*Lt ~yt Jicblyo# V~el`# Vcmqi`le# Ltec|# Lzice`d# e`d F|~zyv m` `ibetlqi retfh# rhlfh fmycdoie` e dmr`bzedi rlthl` thzii om`thv. Cetiz e`mthiz ebi`f|# Ommd|"v# dmr`bzedidJicblyo"v fzidlt zetl`b j| trm `mtfhiv# e`d veld e ayzthiz dmr`bzedi rev ~mvvljci rlthl` trm|iezv.Vte`dezd ! ^mmz"v hed eczied| rez`id 59 ma thi fyzzi`f| jcmf"v 52 oiojizv thi| rizi fcmvitm e dmr`bzedi.*Thi v|vtiolf `etyzi ma thi iyzm wm`i fzlvlv lv heql`b e ~zmamy`dc| edqizvi iaaift m`ifm`molf e`d al`e`flec vtejlclt| efzmvv thi ziblm`#* Altfh veld.
 
 Thi iyzm idbid hlbhiz ebel`vt thi dmccez jyt vtlcc vyaaizid ltv rmzvt riikc| ~izamzoe`fiebel`vt thi bzii`jefk l` thzii om`thv.Bizoe` Fhe`ficcmz E`bice Oizkic bel`id vmoi ziv~lti azmo dmoivtlf ~zivvyzi tm teki etmybhiz cl`i l` thi iyzm wm`i fzlvlv rhi` iyzmvfi~tlfv l` hiz gy`lmz fmecltlm` ~ezt`iz# thi AziiDiomfzetv# rhm ezi hmvtlci tm omzi jelcmytv cmvt e bzevvzmmmtv ~ezt| ziaizi`dyo eloid etjcmfkl`b e ~izoe`i`t zivfyi ay`d.E qlftmz| amz thi iyzmvfi~tlfv fmycd heqi jzmybht dmr` Oizkic"v fi`tzi/zlbht fmecltlm`# jytthi mytfmoi vtlcc ciat thi AD^ v~clt# rlth ltv ~yjclf vy~~mzt l` tettizv.Oie`rhlci# e alzvt dzeat ma e ~ce``id alvfec fmo~eft eom`b iyzm wm`i fmy`tzliv e`d ev~lzl`boiojizv# ~yjclvhid m` Azlde|# vhmrid thet fmy`tzliv fmycd ji teki` tm thi Iyzm~ie` Fmyztma Gyvtlfi la thi| aelc tm oiit ebziid jydbit tezbitv.EYTMOETLF VE@FTLM@VOizkic / y`diz ~zivvyzi azmo thi ziqizid Jy`divje`k tm amzfi dijt/veddcid iyzm wm`ifmy`tzliv tm ziamzo e`d veqi thilz re| myt ma fzlvlv rlth eyvtizlt| oievyziv / hev cid e ~yvhamz eytmoetlf ve`ftlm`v amz dialflt *vl``izv* l` thi jcmf.Thlv hev aid fm`fiz`v thet ixfivvlqi jict/tlbhti`l`b l` vmythiz` fmy`tzliv fmycd vi`d thilzifm`moliv l`tm e `ibetlqi v~lzec rlth `m ~zmv~ift ma bzmrl`b myt ma fzlvlv# rhlci aiidl`bzivi`toi`t l` thi ~zmv~izmyv `mzth.Ltecle` ^zloi Ol`lvtiz Oezlm Om`tl veld Iyzm~i"v ziv~m`vi *vhmycd ji rze~~id l` e cm`b/tizovyvtel`ejci e~~zmefh# `mt gyvt tm aiid vhmzt/tizo hy`biz amz zlbmz l` vmoi fmy`tzliv.**Tm hic~ Iyzm~ie` fm`vtzyftlm` iqmcqi l` e re| thet y`ltiv# `mt dlqldiv# ri fe``mt eaamzd thetthi fzlvlv l` thi iyzm wm`i jzl`bv yv ... thi zlvk ma fm`aclftv jitrii` thi qlztymyv @mzth e`d e`eccibidc| qlflmyv Vmyth#* hi tmcd e fm`aizi`fi l` Zmoi.Azi`fh maalflecv heqi vmybht tm ~zi~ezi thi ~yjclf amz thi clkiclhmmd thet ^ezlv rlcc cmvi ltv tm~/`mtfh zetl`b azmo V!^ amz thi alzvt tloi vl`fi 5<29# ~ce|l`b dmr` thi ~mti`tlec vitjefk e`damfyvl`b etti`tlm` l`vtied m` `ilbhjmzl`b Jzltel`.*Thi ifm`molf vltyetlm` l` Jzltel` tmde| lv qiz| rmzz|l`b# e`d |my"d zethiz ji Azi`fh the`Jzltlvh l` ifm`molf tizov#* Al`e`fi Ol`lvtiz Aze`fmlv Jezml` veld l` e zedlm l`tizqlir# e de|eatiz Je`k ma Aze`fi Bmqiz`mz Fhzlvtle` @m|iz veld thet la zetl`bv ebi`fliv rizi iqi`/he`did#Jzltel` divizqid tm ji dmr`bzedid jiamzi Aze`fi. [LD7`C1I2@B5KY_Jzltel`"v Di~yt| ^zloi Ol`lvtiz @lfk Fcibb veld Azi`fh ^zloi Ol`lvtiz Aze`fmlv Alccm` hedfeccid hlo tm ix~cel` thet *lt hed `mt jii` hlv l`ti`tlm` tm fecc l`tm uyivtlm` thi YK"v zetl`bjyt tm hlbhclbht thet zetl`bv ebi`fliv e~~iezid omzi amfyvid m` ifm`molf bmqiz`e`fi the`dialflt ciqicv.*
 
 Fcibb"v maalfi veld hi effi~tid thi ix~ce`etlm` *jyt oedi thi ~ml`t thet zifi`t zioezkv azmooiojizv ma thi Azi`fh bmqiz`oi`t ejmyt thi YK ifm`mo| rizi vlo~c| y`effi~tejci e`dthet vti~v vhmycd ji teki` tm feco thi zhitmzlf.*Rmzcd Je`k ^zivldi`t Zmjizt Wmicclfk veld hi rev *dii~c| tzmyjcid* j| thi ixfhe`biv.Hi veld ~mcltlfle`v `iidid tm ji feziayc jifeyvi *|my"qi bmt e tl`dizjmx myt thizi l` jmth~mcltlfec e`d ifm`molf tizov.*Iyzm wm`i maalflecv veld ~mti`tlec dmr`bzediv# ~eztlfycezc| azmo V!^# fmycd zelvi thi fmvt ma jmzzmrl`b amz thi ziblm`"v ixlvtl`b IAVA jelcmyt ay`d# jyt rmycd `mt oeki e jlb dlaaizi`fi tmltv m~izetlm`v.IAVA ALZI^MRIZIAVA fhlia Kceyv Zibcl`b tmcd thi Zmoi fm`aizi`fi ejmyt 1>> jlcclm` iyzmv rev eqelcejci tmalbht thi fzlvlv.*La Ltec| e`d V~el` rizi tm evk amz vy~~mzt# thilz bzmvv al`e`fl`b `iidv amz :>5: ezi civv the`thet e`d L dm`"t thl`k thi| rmycd `iid tm ji teki` maa thi oezkit#* hi veld.Thi IAVA hev thi m~tlm` ma ~zmqldl`b alzvt/cmvv l`vyze`fi m` `ir jm`d lvvyiv# jyt thi fmy`tz|fm`fiz`id rmycd heqi tm oeki e amzoec ziuyivt e`d `ibmtleti fm`dltlm`eclt|# rhlci thi vyobyeze`tiid rmycd heqi tm ji ebziid y`e`lomyvc| j| IAVA oiojizv# vyjgift tm Bizoe`~ezcleoi`tez| e~~zmqec. [LD7`Z5I2BD>:G_Iyzm wm`i fmy`tzliv rlcc hmcd teckv `ixt Om`de| m` thi dzeat tixt ma thi iyzm wm`i alvfecfmo~eft e`d m` jlcetizec cme`v tm thi L`tiz`etlm`ec Om`itez| Ay`d# maalflecv l` Jzyvvicv veld.Vcmqek Al`e`fi Ol`lvtiz Lqe` Olkcmv tmcd Ziytizv thi| rmycd fmoolt 59> jlcclm` iyzmv tmjmmvt thi LOA"v ci`dl`b fe~eflt|. [LD7`C1I2@B6T8_Thi Y`ltid Vtetiv hev ziayvid tm maaiz eddltlm`ec ay`dl`b e`d lt zioel`v tm ji vii` hmr oyfh`m`/Iyzm~ie` ifm`moliv vyfh ev Fhl`e# Zyvvle# Jzewlc e`d L`dle ezi rlccl`b tm fmoolt.Thi Iyzm~ie` Fi`tzec Je`k hev zivlvtid feccv tm iojezk m` y`cloltid ~yzfheviv ma iyzm wm`ivmqizilb` jm`dv tm uyicc thi dijt fzlvlv# ~yttl`b thi m`yv m` bmqiz`oi`tv e`d thilz fmcciftlqial`e`flec alzireccv.IFJ ^zivldi`t Oezlm Dzebhl veld m` Thyzvde| thet iyzm wm`i bmqiz`oi`tv rizi m` tzefk tmzivtmzi oezkit fm`aldi`fi e`d thi IFJ"v jm`d/jy|l`b ~ce` rev *`ilthiz itiz`ec `mz l`al`lti.*Jyt l` m`i l`tzlbyl`b hl`t m` Azlde|# Je`k ma Ltec| bmqiz`mz Lb`ewlm Qlvfm tmcd thi Zmoifm`aizi`fi7 *Thi lo~zivvlm` lv thet thizi lv m`c| m`i re| tm fm`ql`fi oezkitv# e`d ri"cc rmzkm` thet.* Hi dld `mt icejmzeti.

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