THE LITTLE BIRDS ALREADY HAVE A PLAN OF ESCAPES PREPARED

 

The German government has met with Finnish and the Dutchman to finish a plan that would make in front of the possible Greek crash and to reduce the infection danger to other countries, according to "Der Spiegel". The plan would already have been presented to the European Commission. 

 

The German magazine that mentions sources of the Ministry of Finances, assures that the possible Greek crash and their consequences were the central topic of a tube meeting last week the German minister of Finances, with its colleague finlandesa, and holandesa, "Der Spiegel" affirms that among the three minister there was agreement in that it is necessary to design a strategy it stops after the Greek insolvency that they consider practically unavoidable. 

 

It is not as they count it, but if it is clear that the break of the area euro is already a fact, such and I eat he already announces, it will be made it publishes this week that tomorrow begins. Germany surprisingly is the most affected one and he/she cannot expect more time its real losses, without counting the Greek debt that is of laugh, (it doesn't reach the 50.000 million Eurus) they are so enormous that they are about to sink the government, the industry and the credit of its debt. 

 

When the crash of Greece happens no matter how much it is not wanted, Europe was everything her polluted and discredited, and all that for about 350.000 million Eurus 2% of the PIB of the area euro, incredible but it is this way, but we don't give the blame to Greece, the blame has it Germany its stupid to hide and to negotiate bad the situation, to want to save as a lot 30.000 million Eurus that could have lost its banks if has restructured the European debt months ago when you outlines, expensive it will be him its stupid. 

 

Next Tuesday or Wednesday when you confirms, the impossibility of payment of Greece, the discount of qualification of the French banks, and possibly of France, they will fall as castle of cards the German values, and there won't already be but hiding place for the German debt, for them to cover the holes that will leave to the surface, represented such a quantity of thousands of millions that they will make break all Europe, but it won't be Greece that they don't deceive us, although the result is the same one it will be the German economy the one that crawled to the rest. 

 

Before this perspective The officials of the German Ministry of Finances to those that have baptized as the little birds in my last blogs, in charge by Schäuble of shuffling the possible scenarios after a restructuring of the Greek debt, consider that the situation would not be governable excepting the only one viable that is the assumption on the part of the area euro, of all the national debts to fuse them in a, and to create the European voucher to support them.   

 

A restructuring of the European debt would bring I get some losses for the creditors, among those that the European Central Bank are (BCE) and the financial institutions and insurance companies in all Europe. One of the objectives of the strategy would be to minimize those losses and to avoid the adult I discredit to the European finances. 

 

The German plan that according to "Der Spiegel" has already been exposed before the European Commission, contemplates two instruments. On one hand, credit lines would open up for the countries with problems that could use them in case they were not able to capital in the financial markets. Also, capital would be injected in the affected banks, to stabilize them. 

 

If this last plan is not accepted, the stage of the unique currency will have ended that it is always what I come announcing, thinking of what the little birds say outside of the official context, but don't fear, the bewilderment that was created will be of such a span that the financial markets and the pirates of the qualification agencies, won't have more remedy than to restructure them again, so it was not them more remedy than to accept the new circumstances, to order them, and to begin again to work, it is its way of life, they neither have been given it still counts but they are hostages of their own interests, you cannot kill the hen of the eggs of gold.