Who can provide good solution for European issue?

Edited and Translated by People's Daily Online

From the anti-deflation demonstration and the hard-birth of the new administration after the election in Greece to the U.K. governing alliance’s disastrous defeat in the local election, the world pay close attention to the topic as to what policies the European countries should rely on to get them out of the muddy hole of the debt crisis.

Regarding how to get out of the crisis, the group insisting on the deflation and the group emphasizing the growth are fiercely arguing with each other in Europe. 

In the United Kingdom, the group insisting on the deflation says that, currently the unemployment rate of Spain is approaching 25 percent, the suicide rate of Greece is rising and the economy of the United Kingdom is reaching the bottom for the second time, and therefore, although the voice saying the deflation policy is dangerous and must be stopped is becoming louder, the deflation policy is the only choice for the European countries. 

In Germany, the group firmly insisting on the deflation believes that only the growth based on a steady financial foundation can promote a positive economic development. In detail, the current fiscal situation with deficit must be changed, expenses must be cut, and debts must be reduced. 

The U.S. economists insisting on the economic stimulus believe that the root cause of the European debt crisis is that the crisis starting from 2008 has damaged financial systems of various countries, and therefore, the systems cannot bring their function of giving the stimulus and service into effect, leading to a suspension of the growth.