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Greece, Portugal, Ireland, Italy, Spain … the ripple effect spreads through Europe

It is certainly complex and the analysis and the different adjustment plans approved by the affected economies can be seen the thin fabric of the trend and the.

Call extension trend and the domino effect that product and adverse reflection on his own extreme situation, is from other economies leading to greater magnitude of the debacle.

Italy, where poverty levels never cease to amaze and sample, 13.6% is the percentage with incomes less than 900 euros a month.

Again the attack is more tax, higher taxes, reduced public spending and thus a spiral well known in economic theory to which we find economies whose poverty rate is increasing.

The austerity measures will result in Italy as in Greece, Ireland, Spain, Portugal … which meant that unemployment will continue to rise, productivity will continue to decline and reduce wages, the credit will not flow and Anger is gradually shaping a new social order in which consumption will bounded by the income received.

Less tied to income level increased demand will lower input tax revenue the state coffers, or result in further impoverishment of state services, so that the quality of life will be seriously diminished.

And with a population control of such magnitude, the exports are the only thing that enables growth, nor respond to a situation as a whole.

This is the current European X who is facing competition as their only ally, but this will have to reduce costs and final prices, which implies an even greater flexibility in the labor market.

When we ask the reason why we move towards a more dark cycle in which the loss of quality of life, coupled with a general impoverishment of society and changes in the current economic system prevailing at that force, No wonder passing through an unprecedented boom in relation to entrepreneurship as a lifestyle.

It is only through concepts such as productivity is achieved with her competitiveness and efficiency, it is time to take the leap.