Euro a evropský sociální stát, čili Jak euro spasí Evropu

SAN FRANCISCO: Na pozadí klesajícího kurzu eura se odehrává boj na život a na smrt mezi ním a evropským sociálním státem, „státem blahobytu“. Euro buď rozvrátí tento sociální stát anebo sociální stát rozvrátí euro. Navzdory jeho dnešní křehké pozici by chytří měli přece jen na euro vsadit.

Nevalný výkon eura – ze startovní hodnoty 1,18 dolaru nedávno klesl pod hranici 0,90 dolaru – má nejvíce na svědomí zdráhavý přístup Evropy ke strukturálním reformám vedoucím ke zvýšení ekonomické pružnosti. Hlavní ekonom Evropské centrální banky (ECB) Otmar Issing píše: „Německo a další země Evropské unie nesou společnou vinu na slabém postavení eura, protože se jim nepodařilo zpružnit svoje hospodářství.“

Mezi potřebou eura podrobit si sociální stát a jeho schopností tak učinit je propastný rozdíl. Harvardský ekonom Martin Feldstein tvrdí, že „společná měna se stane politickou překážkou na cestě k reformě“. „Politici,“ píše dále Feldman, „mohou nyní Evropské centrální bance dávat za vinu vysokou nezaměstnanost a stěžovat si na její vliv a moc, který je mimo kontrolu států.“

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