The EU recognizes the need to loosen the rigor

The Vice President of the Commission of Economy and Labour of the European Parliament , Olli Rehn , said that Europe, despite having to continue the consolidation of public finances, must enter into a new economic phase , more expansive , capable of free credit for businesses and for families. There is thus , finally , to an acknowledgment of institutional, as clamored by many and for the longest time : the need to reduce the excessive rigor that has compressed the quality of life for millions of European citizens. But this statement , though important, is not sufficient to allocate the credit , an essential tool to create investment and jobs. The obstacles are essentially two: a reform of the banking system , which does not yet seem to see the horizon and the continuous German attitude , which does not seem to give up to divert their investments , gains arising from the surplus of export to foreign countries. The credit crunch that has undergone Europe is not only due to efforts to reduce the debt, but also to the chronic lack of liquidity of banks , due, in part, to incorrect speculative investments ; keep the channel banks as the only means for business investment has become too big an obstacle to the development and dissemination of work . Rehm speaks explicitly of the need to find alternative forms of credit to businesses , but he points out the way , on the contrary this matter, nothing at all explored by the European Parliament , has become a central topic as a system for the pursuit of the resolution of the crisis and . A reform of the banking system , that does not invest only banks , as parties principally concerned, but be able to find alternative forms of credit , which are essential in times of liquidity shortages has become a paramount requirement in the interests of European renaissance . This can reform must take into proper consideration the responsibility of the banks against speculative investments incorrect , but at the same time not invent creative financial instruments for access to credit, but based on the real economy , which give greater importance to the volatility of financial engineering instruments . If this aspect there is the potential to reach shared solutions , the more difficult the relationship with Germany. Chancellor Merkel , it shows you do not want to understand the proposals and Rehn says that reducing the production and quality of German products would be absurd for the sole reason that satisfy Brussels. But these arguments seem specious to art, in fact, the criticism is not in the sense emphasized by Merkel , but on the nature of the investments arising from the earnings of German exports . These investments are made abroad , outside the EU , and therefore do not need to stimulate domestic demand , both the German and the European Union. Germany gets forgotten that these profits thanks to the exercise of leadership in Europe exaggerated , forcing the majority of the other members in asphyxiated economic policies that hamper competitiveness in favor of German products . While it is true that the fundamental data give reason to Germany, Berlin uses this data in a manner to bring benefits exclusively for their economy , without giving any sign of wanting to loosen the tight budgetary constraints . Perhaps the grand alliance with the Social Democrats will soften the positions of the new government in Berlin and restore oxygen to the economies of other countries in the EU , so far considered as members of the second floor within the European Union .