martes, 14 de junio de 2011

CAN NOT WE ALL SPREAD MORE

Germany and the Central European (BCE) Bank maintain their confrontation on how they should participate the banks deprived in this second plan of help, what the edginess has increased in the markets. I should admit that to me they also put me of the nerves and give him/her with the one it conceals of Greece to have when once and for all they say that it is necessary to rescue BCE and Germany that don't make more than to disguise the situation but today this it is the reality.



You mistakes first Germany when thinking that BCE would cover its problem that is not its debt, if not that of Greece that is in being able to of the German banks, and BCE that doesn't have anything of independent, paid him/her attention and I help to buying Greek debt to Greece, now they are the two of debt until the ears. Hear I don't know you but if to me they give me to choose between to rescue Greece or to conceal BCE and Germany I choose the seconds and frankly to Greece that they give him.



Berlin demands that the second rescue includes a voluntary exchange of the Greek funds in private investors' hands that conquer in next two years for others that conquer in seven years. Their objective is to avoid the taxpayers to assume the whole load of the new attendance. Not I know to what taxpayers he/she refers we will be the Europeans, single German, or who, what is safe is that the Greek are not able to. And the private ones will request the gold and the Moor to intervene Germany so it continues stubborn because at the end the private ones as they didn't get paid of Greece they will want to get paid of Germany.



The Central European Bank doesn't see it clear and he/she insists in that this soft restructuring of the Greek debt will create turbulences in the similar markets to those that it provoked the crash of the American bank Lehman Brothers in 2008 that will be contagious to the rest of outlying countries of the eurozona. Not I know how more BCE that contaminate us wants I believe that we already have all the measles the mumps and the chicken pox we can no longer catch but infections.



The only participation of the private sector in the rescue of Greece that BCE accepts consists on encouraging the holders of Greek funds that conquer during next month’s to buy other new ones. The maxima responsible for the eurozona have explained the last weeks that look for a formula to restructure the Greek debt that he/she doesn't receive a negative valuation of the agencies of 'rating' and it is not interpreted like a suspension of payments that unchains the insurance against the unpaid of the debt (CDS). It is already late the qualification of the Greek debt for if they have not found out it is already of worse CCC impossible.



To see if they understand it once and for all, it is necessary to absorb the total debt. That of Greece That of Portugal, etc. the whole debts in a percentage of 60% this debt should go to BCE and east liberated that the stagnation of Germany France Spain etc. Because their debts will be of a quantity that if they will be able to assume and BCE will tolerate in their assets some certainly dangerous numbers but like one has seen in USA with it sub-prevails them at the end to FED they have given him/her benefits. Please if they want to put an end to the problem of the debt they stop to speak of the debt and start to work.

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