Monday, June 18, 2012

Greek and Eurozone Fiscal Crisis compared to Water Plumbing and Supply

The Eurozone shares one big primary water pumping engine, and all member countries replaced their old primary water pump from their own well with the auxiliary pumping engine drugging the water from the ECM primary pumping engine. Therefore, they now share only one well of the water.

The Greek plumbing system used to rely on the big but old engine which drains a huge amount of the water from her well. But her pipe, connecting from the pumping engine to those who need the water, has got many geographic barriers (curves, hills, rivers, seas, bays, etc) to run the water faster and many water leakages as well. The Greek water supply system used to cover such a supply inefficiency by the power of her own pumping engine.

Nowadays, as pipes are connected to not only inside Greece but also the other Eurozone. So, the Eurozone nations decided to share one brand water pumping engine supplying the entire Eurozone nations. They only remained their auxiliary pumping engine (Fiscal policy) in their own countries. As Greece has taken her own primary pumping engine, and has to now rely on the water supply coming from the primary pumping engine, the volume of the water she is able to drug up to her people has been lowered since they change the entire water supply system. As the water comes from such a far away, the inefficient Greek pipe system with an old inefficient auxiliary pumping engine cannot make the water reach to the entire parts.

The current Greek problem is that her auxiliary engine is overheated due to the lack of the water reaching to Greece. In order to solve this problem, a well trained professional plumber from the ECB has to conduct to replace the water pipe connecting between the ECB and Greece, and the auxiliary engine has to be replaced rather than repaired. Furthermore, because all the Eurozone nations still use their old auxiliary pumping engine whose is not well compatible with the one new primary water pumping engine. Thus, all the old auxiliary pumping engines should be replaced with the new one compatible with the one shared primary pumping engine, and Greek plumbing has to be replaced with the modern ones (Not only the new tough pipes but also the straightened (digging the whole into hills and mountains and make them strong enough to stretch above and inside river, sea, and bay instead of making a lot of curves) the shape of them)!!