With the Anglo-Saxon financial sector's level of badmouthing the Eurozone's economic problems reaching hysterical levels it might a good idea to look at the reality of the situation.
Yes the Eurozone is experiencing a major crises, but looking at what has been happening so far this negative situation has definitely peaked.
*new governments in Greece, Italy and Spain have adopted draconian economic deficit reduction measures,.
*Ireland is back on the right economic track with all indicators showing positive signs.
*Eurozone member states close to agreeing on a unified and central financial structure
In the US and Britain we see a more challenging situation than in the Eurozone;
* latest economic forecasts for all EU states place Britain 20th out of 27. The chancellor is on even weaker ground when he vaguely attributes Britain's problems to the state of the world.
* failure of the comically mis-named "super-committee" of Congress to come up with even the modest debt reduction package is the latest proof of the dysfunctionality of America's political system
* today the ratio of US federal debt to GDP is currently close to 100% and no one in the political establishment is able or willing to do something about it.
Bottom line: its time to stop the blaming game and start doing something more productive to benefit the consumer
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