Already European banks are seeing their deposits being moved to apparently safer institutions as investors do what they can to protect their assets, and further threats – issued perhaps to force Greece to comply – may cause panic and even chaos, each unnecessary and certainly undesirable.
It is a pity that a spirit of calm and pragmatism combined with good leadership – all missing at the moment – is not governing the situation, for the vacuum is enabling the devils of anxiety to become embedded in the global psyche. People need to know, clearly and unemotionally, what is likely to happen in all scenarios, and how the current predicaments can be resolved: the truth is never as bad as wild imaginings which fester and grow if unchecked.
Yes, the situation in Europe and for the world is serious as the European dream is broken by the harsh light of reality, but it can be seen also as an opportunity, for all parties involved, to learn from the lessons of the past; to accept that the world changes constantly and that we need to change with it; and to introduce a new system of simplicity combined with co-operation which is workable and fair.
The signs of an impending disintegration have been present for years and have been denied and ignored for years, which is why the European predicament is more challenging now than it need have been. However, it does not help to look back or to blame, it is the time to turn problems into assets. Self-fulfilling prophecies can be negative or positive: while keeping aware of reality, let us all, including you and me, reflect on the benefits that can come from this world crisis, for it really will help the outcome.]]>