Can the Euro Zone colapse?

Imagine that european southwern countries couldn't grow for the next 5 years. Why? Because of the high public debts and high unemployment rate will continue consuming resources. Solution: decrease labour costs and/or increase exports. Easy? Not really! Because to increase exports, firms need to become more competitive and this is a structural measure, which implies more qualified workers or better operating processess, which implies better management policies. And to society achieves better management policies needs several years to management science evolute and to inspire the next generations of millions of managers.

So, what is the the other way? Well, by the devaluation of the currency of course! Ups... Euro management policy is very rigid, so the European Central Bank will prefer to adquire public debt and fill the government safes with liquidity instead of devaluate the european currency! Because if Euro decreases its value compare to other currencies like Dolar or Iene, imports will cost more, mainly food and oil. So yes, the Euro Zone can colapse! And it will colapse unless europeans governments stop to increase their debts and start to reinforce industrial competitiveness.

A fiscal shock will be required. Taxes need to be lower to firms which pursue exports and innovation policies. Taxes need to be lower to those who contribute more to the wealth creation. Just with the right measures we can avoid the colapse of the Euro Zone.