TO TURNS WITH THE DEBT

I remember that in my beginnings like company executive, a veteran accountant told me one day. Look if you owe a million pesetas to the bank, you have a problem, now then, if you owe 100 million pesetas to the same bank, the problem is of the bank. I have never forgotten it, this same sentence was not probably of its crop but for me a guide that observes always, was and never let my debtors to happen to me the problem to me. 

With the debts of the outlying countries, Ireland Portugal and mainly Greece the problem belongs no longer to them, but of its banks borrowers basically of the German and French banks for this order, they know that one will never be able to restore the existent debt, because it also happens that a country doesn't manufacture anything, it doesn't produce anything, alone it collects taxes and it produces debt, and against but it presses him the second, fewer collect the first one. 

This way the things what it is necessary to try to make, is telling it every day, it is to assume the debt of these countries once and for all, and that if to avoid that he/she reproduces again, as making it, because in principle the BCE should make that he/she made the American FED, that is to say to pay, not to the indebted country if not directly to the creditor and to get paid for it to the debtor a reasonable interest 2.5/3%, that is to say to make with the accrediting banks and therefore debt possessors and other bankrupt assets, the same thing that was made in USA with the fraudulent and irretrievable mortgages to be bought them. 

If the European banks guarantee to the markets that won't break because their BCE covers them their holes, you finishes the problem and the hurries to cover, the problem of the markets is not that Greece owes 180 thousand million Eurus to give an example, the problem is that it owes them to the Deutsche Bank and other banks, and these if they can break, but if the debt changes hands and you is controlled I finish the problem, because the BCE the same as the FED never broke, they have the whole time of the world to go getting paid of the debtor, and the machine to pay to the creditor.  

The German politicians need to recognize that there is not a solution to the crisis of the eurozona that doesn't imply more payments on the part of Germany and of all, either to help Greece, to strengthen to their own banks or to help to other countries. Instead of offering to the electorate false hopes, the German leaders should begin to expose with clarity the reality. 

An exit of Greece of the eurozona, although it was possible from the juridical and logistical point of view, what is unlikely, would be a disaster for Greece, and for the eurozona. Without access to financing, an implosion of the Greek and European bank system would take place. Athens would be forced to impose even harder measures of austerity to eliminate its deficit primary thing that it would be impossible clearly, and the European banks should count some impossible losses for many of them. Except if their creditor an entity like the BCE that it would have the whole time that is necessary to go recovering the debt was and controlling that the indebted countries apply all the recommended measures but without already altering but, the European global economy.