Europe is saved! Or is it?

So this morning it was proudly announced that the leaders of Europe had worked tirelessly throughout the night in order to come up with a bailout out plan for Europe, which the Times quoted as would help ‘the whole world’. I agree that Europe, and the world, is in a crisis and something needs(ed) to be done but is the solution really just to pump around 1 trillion,(880BN to be exact! BBC.co.uk) more euros into the system? In my opinion the real problem is deeper than just certain ‘B’ countries such as Greece, Italy and Portugal being in debt but the whole structure of modern society. By just pumping more money into resolving the problem is frankly just a short term solution. Surely in the long run or maybe even medium term the problem will just arise again.

If you just bail a country out (such as Greece) but they do not change their structure then the theme will become reoccurring, which it already is. Greece already made promises to change after entering the EU, with falsified data if I need reminding you, and now we are back to square one needing to give them large sums of money. I say ‘we’ as in Europe, as England have been quoted saying that they will not be contributing to this plan (bbc.co.uk), which comes at a time of much debate over England to whether they want to integrate further into the EU. Hating to be too depressive about the situation my final problematic thoughts are that a country such as Portugal and Italy can look at the situation in Greece and reason as follows, ‘why should we rectify our problems when we know the EU will just bail us out when we have accumulated enough debt?’ A sort of déjà vu for certain banks during the banking collapse no? As I say if your debt is big enough, soon it’s not your problem anymore!