Seems like Europe’s stock market is heading towards the right direction.
The German and French leaders reported on Sunday that their governments will support Europe’s banks by providing “an adequate capital”. As a result the European stock market rose by 3%. However many are still worried about the effectiveness of this action, as Greece still owes money that they will need a bailout for. Many economists have argued that the best way for the economy to improve is for the government to stop intervening, but I don’t think that will work. People trust in their governments (usually) and believe whatever they are doing is correct. Despite the recent protests about the “1%” over the world, if governments stop intervening in the economics of a country, I guarantee that people will eventually feel insecure about their country financially and protest again to have them back.
Humans need shelters to feel safe, and the government is that shelter for society. It doesn’t matter if the shelter is broken or artificial, the majority of the society will not question the shelter because they feel comfortable under it. Europe should definitely make some renovation for their houses though.