Every week, a new summit. This week a summit of European Union will take place at Brussels and the main focus is going to make harder efforts so the trouble of euro can be settled. And now there are again chances that this summit is going to be another disappointment only. The main matter that is going to be discussed is going to be the issue of of bail-out that will be given to non-tax payers of the southern region on the expense of the hard working people of the southern region. The form books further informs us that they any solution is going to come up then that is going is not only going to be late but little as well.
If one sees in a deep manner, then the matter is something more serious. And it is that all the systems if the bail-out are not going to put an end to the trouble of euro-zone at any point of time. If in a way it is seen, a bail out in a way is a loan only but not anything else. Even if the rate of interest is set on a level that is quite low, one still has got the burden of debts as well as interest to clear off.
If another thing is done then may there is a difference. What if the money that the country is getting is not a loan but a gift from other. These kinds of gifts can be given in two ways, either it is given in advance even before the event or it is given immediately after the even at the moment when they are known as write-offs. At some point of time, it may also happen that the recipient of the loan turns a loan into a gift on his own. But this thing is known as default. But the countries of the northern region do not want that the loans that they had given in the past should be turn to any kind of a gift. And in addition to this, they are not even willing to give new gifts until and unless matter are really serious. Apply with pay weekly loans @ http://www.payweeklyloans.org.uk/ and get quick fund your immediate aids.
But if seen in other sense, like in the case of Italy, sometimes even these kinds of gifts do not lead to the prosperity of the other country. The unification of Italy in 1861 with north German with south Latin is till date showing its effects.