Where euro zone is going to?

Rising euro exchange rate against the U.S. dollar and the victorious countries, many policy statements on the crisis overcome, in the background there is a logical question is whether the euro against the dollar growth rate is based on "basic data? Will overcome the crisis in Europe and whether the EU has come out of this crisis?

The crisis is continuing its march across Europe. A solution to the situation in politicians still can not find. In their view, it is necessary to reduce the budget deficit, but also all the debt burden to make a whole. Experts say that without these steps to get out of the crisis will not be possible. However, the reduction of the deficit will be at the expense of social spending, which until the crisis was relatively high in many EU countries. Greece and Italy, where the siesta during the working day is the norm, has developed an unusually high debt burden. Employees still disagrees with the terms of the amendment, and the government's reluctance to take risks on the eve of the election. The last EURO central bank decision to bill out billions of dollars as loan for Ireland, just prove that euro zone is not going to give up easy. Analysts believe that cutting government spending in particular is currently unavailable. Such measures can reduce the citizens' ability to pay, thereby reducing the tax base. This situation has become a European Union member states the reasons for disagreement. Large unions and responsible participants in the immediate punishment of all borrowers. For example, Germany, already in the year 2012, all required to achieve the deficit reduction to 3%.