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The uncontrolled degradation of the eurozone preying if European leaders remain committed to the dream of unity, notes today’s publication of the Guardian website entitled “Greece has to come from the Eurozone.” Nobody doubts that the architects of the euro had the best intentions, it is noted in the article.Hoped to strengthen and simplify the terms of trade, but also in smoothing the differences between the economies of member states.The Treaty of Maastricht was just a test for the appropriateness of the level convergence of states.It was commonly accepted that if countries do not look like the loss of flexibility due to the transfer of control of exchange rates and interest rates will create a gap between strong and weak economies.

As was shown notes at the Guardian, the public interest was not suitable for any country: very high for slow-growing economies and very low for those who struggled to contain their costs.The weakest region of the Eurozone, low interest rates sparked excessive credit expansion and real estate bubbles.The article concludes that monetary union rather highlighted the differences between countries, but has led to convergence.

Now that European leaders do not have an alternative plan.And consider that there is no need for that since adhere to the original plan, this section.An idea to defend at all costs, even if this translates into permanent austerity for Greece, Ireland, Spain, Portugal and any other country facing financial problems. The European logic dictates, that Greece should “blow” as none other than the other two options open-currency devaluation or default, is acceptable, says the report. Of course, many forex brokers say that the greek problem is a way to keep euro rates low on the forex market as a strong euro would pushed the european common currency to the sky – given the fact that US economy is not developing on a fast pave.

Devaluation would mean leaving the eurozone and almost certainly contagion to other countries.It meant that the collapse of the Plan.Bankruptcy, in turn, would mean that banks and governments with a major exhibition in Greece would suffer large losses, raising risks to revive the crisis of 2008 brought the global financial system on the verge of collapse. The ECB, however, will not show tolerance to the scenario of bankruptcy.And this makes the political decline of the economy, restore the Greek economy on the right path that will ensure that the euro will remain intact.

The above view is unorthodox for two reasons, according to the report of the Guardian.First, contrary to the basic principles of democracy: the Greeks are clearly not able to endure spending cuts, wage reductions and the barrage of privatization imposed by the EUand the IMF in exchange for a new stimulus package.Second, deflationary fiscal policy has exacerbated the financial problems of Greece and extending it will deteriorate further.He explains: The stabilization of the Greek debt at the end of 2010 stood at 140% of GDP would require large, prospective surplus budget of around 7-10% of GDP, according to estimates by Charles Dumas of Lombard Street Research.The budget surplus in turn requires that tax revenues exceed government spending.”How Greece will achieve the appearance of surplus prepared when subjected to new austerity measures?”.

The difficulty of achieving this goal makes or bankruptcy, whether you devaluation-and two-increasingly likely, says the report.He concludes that these are not good choices for Greece, because there are simply no good options for Greece.