We hear you! Economic crisis is important but nobody wants to know the big numbers. This time, Life360 invites Patrick Minford, the former advisor of Lady Thatcher, to talk about the Euro crisis. Patrick Minford is now the professor of Applied Economics at Cardiff Business School. He was against Britain joining the European Exchange Mechanism and is now on the council of the Conservative Way Forward organization, also a member of the European Reform Forum.

All the questions below are from our readers and we hope you can find them helpful.

Alba, 24, Spain: How can life differ so much from Spain to Finland with the same currency and rate?

Finland has also had a difficult time; but it has had better policies for the supply side – it has less hiring and firing regulations for example.

Davide, 23, Italy: Do you think this will have impact on the immigration within the Europe?

Yes; the UK is getting massive immigration because it is the main place with jobs and this is causing political discontent.

Echo, 32, China: I am planning to travel to Europe because I can save much money thanks to the drop of the euro. But do you think I should go now or will the euro keep dropping?

Probably the euro will now keep on dropping because of the crisis in Greece.

Maria, 25, Greece: More than 5000 people in Greece have committed suicide because of the horrible economic situation until now. When can Europe recover from this crisis?

The problem comes from creating the euro without the necessary institutions to support it – such as a state that can help regions in difficulty without any political difficulty. As it is all help to Greece was reluctant and came with excessively tough conditions.

Harry, 28, USA: Is it negative in that we have weak trade partners or positive as in there is more room for American investment?

For the US the euro-zone is economically one of many possible trading partners and places to make investments, so the US is well protected from the euro crisis.