sábado, 13 de agosto de 2011

I AM AFRAID, SOROS AND I THINK THE SAME THING


George Soros writes an article in the economic newspaper Handelsblatt directed an Angela Merkel in low hours. Besieged by the critics in the breast of their own party, where they begin to criticize the cost that is supposing Germany the debt crisis, this Friday the well-known investor he notices him that, in their opinion, the only exit is that Berlin continues paying the invoice. According to Soros, the biggest error was that the UE didn't assume from the beginning as own the debt of countries in problems. It was "the German" hesitation, he writes, "what increased the Greek" crisis and he has made that it has finished transformed into a crisis for the own survival of the Union. 

I say the same thing but between Soros and me apart from the money, there is a great difference in the opinions, because mine even coincident, it is honored while his is the characteristic of the vile traitor that once made the violation, hides in this case behind Angela's skirts Merkel, if the Chancellor you mistakes prefixing its possible votes to the common euro I calculate not well very bad he thought that its potent Germany had the possibility to be outside of the economic turbulences of the Europe of the euro, demonstrating to the markets that she was not polluted and therefore its attitude was the one of wanting to be isolated of the problem. 

He didn't want to realize Germany of what I have said in many of my articles, Germany he wants or don't want it is Europe, it depends on Europe, for that reason I form in their time the European Union that then for unit lack and of approach, they were been the hand allowing to enter societies without taking the opportune measures so that you acclimatizes to the new operation order, this is another thing, but undoubtedly it is the first partners' blame and the first one is Germany. 

For that reason always it has been my opinion that the only form of putting an end to the European sovereign debt that is as they come it and they attack it the markets, it is in fact really converting it in European, that doesn't have to pay it single Germany, like it seems that they understand it, it is that until it seems like that they don't see it, we will see serious simple to contain the whole debt in a, (the German, the French, the Spaniard, the Italian, the Greek, the Portuguese, the Belgian, and this way etc. etc.). The BCE puts once and for all in circulation European funds and they are exchanged in the markets by the national of each country, and it is already, the market runs out of the spree and the possibilities of wild speculation, the alone BCE has to calculate that it owes him on the other hand each country of absorbed debt and unified, the one that more doubt in relation to the binomial PIB/ Debt ,has deposited in the bank more it should recoup to the arks of the entity until drying the debt. 

For Soros, Germany can only revert the situation. For it, you go as only exit the Eurobonds and it aims that the essential thing is not to act to tow of the markets but being "ahead to their reactions. He insists in that the countries with triple A they are those that have to support, notice that doesn't say to "pay", this solution and that any other performance will end "in the rupture of the euro." 

The investor and I call to Berlin, to stop to wonder if the euro compensates them, they have to leave the question and to take a resolved answer, Germany is not able to continue doubting, or if or it is not a simple decision but I understand difficult to take but inextensible because if among so much the unique currency crumbles, he would have "incalculable consequences" in the bank system and the economies of all and each one of the component countries of the Euro Group, so much that this group would stop to exist.  

For we urge it to Merkel to act with decision and not to take "small steps like up to now". The next measure that should already be adopted next Tuesday with Sarkozy is to assure the rescue bottom approved in the last summit for countries in difficulties. To give the opportune guidelines so that the BCE puts in the market the Eurobonds, and to throw definitively toward the unit market  of Europe. If not, it alerts, the rating of France and of the own Germany it would "be in danger." 

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