‘Wait, young man. You can’t escape unemployment by running away.’ reads graffiti in Spain.     

The dream of a closer and united Europe, has it already been knocked off or is there still some hope for its revival? Indented by the current wave of unresolved Euro zone crises, the horizon seems too far away. Once part of the great Roman Empire, Greece no longer holds the reins of Europe, on the contrary, its own future today hangs by a loose thread. Since 2010, the country has had to cope up with not only rocket high interest rates, severe recession, structural reform but also, the indignity at the hands of real Euro Masters, and you know very well in whose hand is the monopoly of Europe.

Can the EU leaders relax the strict austerity measures in the wake of a fresh financial threat looming around Europe? Has Berlin turned a blind eye and a deaf ear to the consequences of such stern bail out plans? If indeed, then this unrelenting attitude might further jeopardize the unification process. The need of the hour is-

1) A sound and favourable new economic strategy to be implemented across EU.

2) The harsh regulations are to be done away with and

3) A more uniform and accommodating list of regulations to brought about.

These three points should be urgently attended to boost investments in  southern periphery which is in the big economical hole before the disease spreads further North. German exporters like Daimler- the giant maker of Mercedes Benz autos and Trucks, have been bulwarks of stability in a region gripped by crippling banks, weakened governments, myriad of unemployed, and not to forget, the worst auto industry slump in two decades. Today, Germany along with other relatively safer countries like Finland, Austria, Luxembourg, Belgium, Netherlands, France, too risk falling into deep recession. It’s like the Black Death, the pandemic which once haunted Europe in the 14 th century and swept away millions.

The slowdown in Germany was foreshadowed by months of declining industrial output, said Carl B. Weinberg, chief economist of High Frequency Economics in Valhalla, N.Y. “The E.U. has made Europe a much more cohesive economy, which is good when things are going up,” he said. “But when things are going down the multiplier is very strong. An outgoing tide lowers all ships.”

The increasing number of German economists are now studying the Great Financial Plague from a newer and deeper perspective. The German Social Democrats are apprehensive that without a policy change the renewed Euro zone upheaval could very likely have serious implications on political stability in the continent.

The Greek debate has to be resolved at the earliest. Initially the Greeks, who viewed the membership of the European Union as a factor of socioeconomic progress, now hold elements of Europe for much of their grievances. The rising popularity of Syriza in Greece which has capitalized on this discontent provides ample proof what the populace actually wants. Syriza’s demand for a renewed EU policy will pose severe challenges before the dominating facet of the EU leadership. In fact, the future revolt garnered is already giving sleepless nights to many in Brussels and Berlin and could very well make way for some liberal concessions.

It’s a struggle of power and ideologies between the right wing and the left. In case of former’s win, the future only blocks and fragments EU, and would mark the spread of blind nationalism which in the past led Europe to nothing but disaster, and now it would hinder the process of bringing Europe closer. On the other hand, the leftists campaign for a fundamental change in EU policies so as to determine the future of a collective Europe. Wake up Europe from mindless hate, fear and bigotry and join hands to work for one-united dream. It’s said, ‘History repeats itself’ but let’s not let it happen this time. Let’s rise up to the slogan of French Revolution- Liberté, Egalité, Fraternité.  No French, no German…only Europeans this time and one goal!