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Banking reforms need to be put in place though to stop the gamblers taking so many risks with depositors money.
Basel III is being implemented. I therefore consider this issue as solved.
In the last time Europe goverment more pay attention to human right in Europe and in others countries. In principal human right (in detail, right of workes) is basic stone in Europe's economic model. To combaine real economy and intangile law structure, Europe walked a long and difficult road.
Human rights are not the problem for Europe's current economic voes - neither is democracy. It's much more the lack of democracy, as Europe is not as democratic as the US. In the US, you can vote on many local decisions, new laws and so on. Moreover, there's a sophisticated system of checks and balances that prevents any organ from having too much power.
In most European countries, however, you can only choose your leaders - and the leaders can do whatever they want. Courts, for instance, are far less powerful than in the US and people don't have a say on new laws or budgets of their countries. On EU level, it's even worse (but in the US, people are very restricted here too and can only elect the president). So it's actually the lack of democracy that is the problem - not the human rights.
If you look at European countries with direct democracy, there is no debt problem at all...
But it's definitely the right approach to question the European governments, as they are responsible for a vast share of current global economic voes (and, while the US and China solved their problems and are recovering, Europe still isn't - and pulls the others down). Hopefully, Europe will reinvent itself just like America and China soon - rather than just trying to postpone problems once more.