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ANNUAL REPORT 2011
33
The risks that the sovereign debt situation in the euro-
-zone will deteriorate remain very much alive. The
fact that the situation has dragged on due to the lack
of necessary institutional mechanisms within the Union
has negatively affected the confidence of markets,
helped brake economic growth and boosted joblessness
to socially unbearable levels.
It has become evident that the euro-zone’s very
existence is at stake. That is why it is necessary for
2012 to be the year for definitively resolving the
contradictions and hesitations that have paralyzed the
Monetary Union.
FINAL NOTE