Even in Australia reader Daniel Jacob has been working every day the euro crisis. In his eyes, it could be a chance at the end. End of September 2011 I sat on the plane to Australia, to make my four-month practical training abroad in Sydney, Australia. I thought that it would be a time in which I not daily would be confronted with Europe and its crisis. And at the same time, I was hoping that the situation would have relax until my return in January of this year. However, none of this applied to.
After my arrival in Sydney, I got with none of the developments in the euro area initially for days. Only when I had an Internet connection in my apartment, I informed me again. Daily new and alarming reports were published even on Facebook, where I followed some news agencies.
That is the crisis within would stabilize a few days, I knew. But that it would be worse in the next few weeks, I had not expected. Although Germany was very far away, I made me lot of thought which extent could still reach the crisis.
What consequences would the crisis for the labour market have? Would banks increase interest rates? Perhaps a higher tax burden on us citizens would come to.
During the four months in Sydney, I followed developments in Europe. Even though I was in a country where the euro crisis in the media rarely mentioned, I had the feeling to be a part of it. Not because I had caused it, but because I was afraid of their impact.
Since I am in Germany again, I'm watching how other people deal with the uncertainty. Every day I get with how they deal with the crisis: no matter whether in the subway or in the cafe, they talk about it - over Sarkozy, the fiscal pact and the euro rescue screen. More and more videos to the banking, the heads of State and the euro crisis can be seen on YouTube. Even companies include the crisis in their commercials.
Public lectures by professors of capitalism and other economies are usually fully booked. Even comedians make about jokes. Obviously, in particular young people deal with the problem. While studying macroeconomics, many of my fellow students were boring. But probably you should package just right there, so that the people that are interested in.
A more general and better understand this creates how our economic system works. And that we can learn what we should do differently in the future.
