The evil in unemployment

The unemployment rate in EU is about 11 % , with Spain accounting for 28%   to the total unemployment rate.  The situation is getting more and more serious in Europe as recession and slow down in growth bits hurt on the member countries.  With high unemployment , people will be basing on welfare benefits for survival  and this situation will cast a severe financial burden on the various Governments.

Apart from the financial burden , there are many consequences  and the most serious fall out is civil unrest.  Such situation can give rise to restlessness, depression and frustrations and this could be easily spark off demonstrations , unrest and looting.  When people have so much time on hand, the mind will go wild and could be easily manipulated by politicians and extremist in societies.

Human factors are the most difficult to predict and control and this condition could spell doom for many Government  and could lead to instability and the inability to provide the power and leadership to stir the various nations out of trouble.  The example of Greece is a shining example where one party wants to be in the EU and another party want to be on its own. The first election was unable to form a Government and now , they have to go for the second election in June.  In such indecisive situation,  there will be a lot of horse trading or the inability to move forward to get a direction out of any impending crisis.

In the Euro zone , there are 27 countries  and the core countries like Germany and France needs to share their wealth with the debt troubled nations like Greece, Spain, Portugal and Italy  and if the debts are manageable then, it would be easily to hold the nations together. But, if the debts are like bottomless pit, then it will not be able to convince the core countries to guarantee or pump in their wealth.  There is always a limit of sharing one’s trouble and if it is endless and limitless, it will be difficult  maintain the pact and hold the members together.

This is very real and like the saying “ Poverty in the long run , beggars the helper”.  Every nation like  a human being have the common sense of protecting themselves and make a clear  decision on this matter.

I pray and hope for the situation will return the normal situation and may all living beings continue to be happy and live in joy.

Namaste.