Europe Economic State

Europe Economic State

There is a significant fact that happened in European history, that is the successful establishment of the European Union. It had been a dream to create a monetary value for union’s sake. There was the change of currency because of new currency. This is now the Euro that successfully used in 1999. That was the beginning of the European success. Euro is the economic symbol of the European nations that is now a major problem in the whole Europe. Europe is a wealthy continent ever since the Euro was not yet created.

However, it seems there is now a problem in their economy because they there are still countries that can not raise funds. In fact, all EU states ought to perform well because they are using the same money. However, weak countries could not do that. Trying to solve this, rich countries like Greece want to raise a fund for some countries that are not well- off not to mention of the euro value. The euro is said to be the part of the problem. In Europe, there are millions of people who are suffering again just as in the past 50 years. They are now trying to find the problem about their economic problem and it was a theory that capitalists are making this problem. Although EU was formed, not all stick to democracy because capitalism was still the economic system of the other states like Belgium, Albania, Croatia and Denmark. Denmark refused to accept euro currency probably for the reason of capitalism. No matter what, the crisis lead to million of debt of the nations.