Europe's economical crisis

Mikaela Richardson
North County times
Stock gains as Europe moves closer to budget pact
www.nctimes.com/news/world
Europe's economical crisis

   Europe's economy is going down because of a treaty signed by all seventeen nations. This treaty allows a central European authority to look at their budgets. This could be a problem for all the nations who signed the treaty. Europe's debt crisis can put other nations in a debt crisis as well.
   This connects to what we are learning in class because it connects to the king of Europe, King James, during the time we are studying. Colonists left Europe in search of better lives. Because of actions by the king, everyone in Europe was effected economically. People were heavily taxed and there were lots of poor folks. The signing of the Magna Carta influenced everyone badly therefore, people revolted against the king and started a democratic government and petitioned all the time.
   This connects to my life as a citizen because the U.S. is one of the seventeen nations that has allowed an authority to look at it's budget. This could be good and bad for many reasons. If the authority sees our country's money is low they could make it worse or help out.
   My opinion is that each nation should have it's own authority. All the authorities could have meetings and discuss the budgets. As a result, this would be an easier way to confront issues with others, a better way to connects with other countries that might have the same problem, and easier to work together to solve those problems.