AN ADVICE TO THE "ECOFIN" TO STOP TO THINK AS GUILTY AND DECIDE

Well very well I believe that the minister of the ECOFIN, (the 27 countries of the European union) he has made them effect my I diagnose of yesterday noticing them that they had entered in a mental state of sharp Paranoia that could make that their decisions are conditioned by the effects of such a mental dysfunction that evidently impedes them all analysis class and taking of decisions. 

 

Today I read in the economic press that the Euro group neither has foreseen to unblock the urgent help of 8.000 million at the moment for Greece corresponding to the sixth tract of the first rescue, in spite of the formation of a Government of national unit. He will wait more guarantees than Athens it completes the engaged adjustments in exchange for the help. We will insist in that all the parties of opposition sign the plan of reformations and they make it in writing and that the reformations begin immediately and not after the elections", the Austrian minister of Finances, María Fekter has said. 

 

I don't find bad the posture, if it is a solution to get time to analyze the real situation of Greece. Secretaries and minister of the Euro group, be sensible and wait they don't put more money in Greece believes me, keep it to good I collect because it will be necessary them to really save to the European Union and the Euro, if it is that they want to save them to both clear one it is. The government that leaves the negotiations of the Greek politicians won't serve nothing else that stops you take out you the 8,000 million Eurus to pass a pair of months, but for themselves, or the future elect government if it is that there are elections in Greece, he won't be able to sustain at the same time to his debt and his society, he will decide that it saves and it is evident that it saved to the society, and the Greek society in no way cannot not already make front to its total debt, not even halfway her, supposing that it removes it conventional it is carried out, thing that I don't believe possible after the behavior of Papandréu. 

 

The problem of the Greek debt and Greece, are to value it as a wicked tumor that it has passed of curable, to begin to make metastasis and there is no longer more remedy than to separate it of the body where he cohabits, among other things, because it has already begun to contaminate to other next organs, I refer to Italy, in my opinion we have arrived late in the principle of the illness and in this it is necessary to assume our blame, but the reality is this way and you cannot already change, in this point it is not necessary to save the sick organ of death, but to the metastasis that newly is beginning, they will see the wicked tumor no matter how much we treat him with chemotherapy or other means, he didn't stop to follow its process invasive more or less quickly, or we cut and we extract it definitively of the body, or it finished extending through the lymphatic system to all the vital organs of the European union.  

 

In this dramatic tessitura, in which this metastasis has already begun, we will need besides the surgical and traumatic extirpation of the organ lost, many chemotherapy shifts (Eurus) to brake and to stop the advance of the illness, fact that is possible whenever the initial focus that produces the cells invasive, disappears this is this way, I am not happened another form of explaining to it so that my readers understand the situation to which our indecision has taken us, it is exactly similar to the one that reproduces in a cancer sick person if you doesn't act as soon as possible, the sick person is the European Union, the organ where you detects the wrong it is Greece, the cancer type it is the budgetary and economic imbalance, the metastasis it is the European sovereign debt that already affects strongly Italy, Portugal and Spain for this order of intensity and intervention necessity. 

 

Understand each other what I will say next we should not use our poor economic forces in saving the in salvable, but just the opposite, it is necessary to act as quickly as possible in to bolster and to clean from sick cells to the rest of the body, and who he knows, if it is gotten and after a long recovery, equal can return in our sick person's aid and to reconstruct it and to restore it to its healthy and cured place. 

 

To contain the infection of the Hellenic crisis, France, Germany, Spain and Italy (the countries of the euro zone represented in the G-20) they agreed last Thursday to accelerate the reinforcement of the rescue bottom. Nevertheless, already in the same summit of the G-20 it was clear the scarce interest of the emergent countries in contributing to the rescues of the UE. It is logical that was this way, the rest of the G20 is not involved in the bad administration carried out by the euro group, and for that reason it doesn't feel any remorse on the disastrous one final that he knows that it arrived hopelessly, and this situation, is also very dangerous because it conditions very much to the reason of taking of decision on the part of the ECOFIN. This pressure of being known guilty of the non resolution of the Greek problem, I fear it can take me to the final cataclysm of the whole Euro Area and of the euro. 

 

It is no longer another remedy that to confront the dilemma that is not another that or Greece or the European Union, both at the same time cannot survive it is necessary to decide, and if of something they are worth my analyses I will tell them that if he gets lost the time and the forces in saving Greece, we will finish lengthening the agony of Greece and the European Union, however if we save to the Union, later on we will be able to recover to Greece, and another thing more, the difficulties that he will have to assume Greece, their government and their society, are the same ones that it should suffer with or without the help of the European Union, and the certain fact is in the bottom of the question that the European Union, he has not known how to cure their illness, but that that yes it is also certain it is that the illness believes it to him Greece and not the European Union.