miércoles, 18 de enero de 2012

IS IT POSSIBLE TO PRIVATIZE A COUNTRY? TO PAY THEIR DEBT



Greece would be near reaching an agreement with private creditors of where it would get money cash and value with a market value of around 32 cents of dollar for each euro of its public debt, according to public Bloomberg. This is still to see the difficulties they are many, because the loss to assume is a lot of the question is because not to privatize part of the country. 

Greece is in a crossroad of very difficult decision, I would not know what road to take, it is evident that Greece up to now has not been European, even being in Europe, this is this way for the reason that I repeat many times, the Containing Europe he should not made a mistake with the European Union. These certainties the physics and the ideological one, they are many times opposed to each other, and I believe that Greece is one of these cases, the Greeks should be thought it a lot and very well, if they agree with changing life, of customs, even of society type, to continue belonging to the European Union or to be left the Union to continue being Greek.   

The situation that they have been created during the last ten years, is the clear example of the abysmal difference that exists among a society, the Greek, with the industrial societies of the most western Europe, including in this group to Mediterranean societies as Italy and Spain. I don't believe that you can solve the problem of the Greek debt, because it is a problem that the Greeks will never make it his, independently that materially it is impossible that with the current Greek economy you can liquidate the acquired debt.   

Greece has to think about two clear solutions: A. - to be declared in crash and to be left the UE and that it is what god wants, or: B. - to Be privatized the whole territory that is not the Greece calls him peninsular, that is to say all the islands of the Aegean sea. It is not any joke, it is that there is not another source of wealth possible and able of drying the 350.000 million Eurus that Greece in a way or another should to the world and especially to their continent, Europe.   

The position doesn't go by the loss of sovereignty of the islands, but alone for the concession for 35 year-old space like minimum, of its tourist and real estate exploitation. The islands of the Aegean are a numerous one and I disperse group of some 5000 islands and islands located in the sea of the same name, and of those that little more than 100 they are inhabited. The great majority of these islands belongs to Greece, and alone some few ones are part of Turkey.     

Supposing that we centered ourselves in the 100 that are with possibility of being inhabited, more some islands that could take advantage for facilities hotel sole rights of great luxury, could calculate a rentable surface of 800 Km2 this would give us a possible figure of lease of 12,500,000 € / Km2 / year. This is feasible totally, the strategic situation of the area is extraordinary, it could get ready for diverse classes of tourism, a type the Vegas, sports nautical, great luxury, thematic parks, etc. AND its clients would be from the European markets, the Russian, Arab, and of course Asian.     

But not alone of hotels and vacations we speak, but also of the construction of complex urbanites, golf fields, trade exclusive etc. Everything it first floor the conditions marked by the Greek government's laws, because we are not speaking of sale of the islands, but of concession of exploitation of the floor and surface, at the end of the concession, I repeat minimum 35 years all that built and that seated so much physically as commercially, it would become property of Greece provided not you re make new agreements of exploitation and of course Greece can be taken charge of them if has put a day its economic situation. 

Is not a topic, it is expected that Greece doesn't make the payment of the 15.000 millions that has to refinance March 20, but rather it reaches an agreement before with the creditors and this date is ahead. The hurries to liquidate bills are evident. It is known that Greece will never be able to pay its debt and it is very difficult to reach an agreement of it removes of the same of the order of 60% like it seems that all the calculations indicate it, there is also another reality that is still other 40% and I believe that neither he will be able to pay it, because to a country that he has forced to the worthy ones to lose 60% of its investment there won't be nobody that wants to believe him neither to help in the future. 

The private creditors reiterated their commitment of reaching an agreement of voluntary exchange of the debt of Greece and they encouraged to all the parts implied in the negotiation to "work in good faith toward this goal with sense of urgency". The negotiations between Greece and their private creditors last Friday they were paralyzed by lack of "productive" advances, since they considered that, spite the efforts of the Greek leaders, their proposal had not generated a constructive answer consolidated on the part of all the actors.  

In the bottom the Greek creditors know that neither they charged 40% remaining and for pure logic they will prefer to allow to fall to Greece to have if before the last moment of the crash, the European Union comes out to its rescue, not for responsibility, but fearing the repercussions. Sew that it didn't happen but it is that to the inverse one it is necessary to understand that among losing 60% now and in some months the rest is not worthwhile to reach any agreement. 

The question is because instead of forgiving debt he doesn't think about to Greece the possibility of this surrender or privatization on behalf of its territory, this fact could include other purposes like for example to serve as guarantee on its debt to the own European Union in exchange for that the UE one takes charge of the same one and in turn off to negotiate and to exploit the project of the islands, this position can be good since to Europe they are necessary him macro projects that they are good to reactivate it, because if alone it seeks to dry debts clipping budgets and activity, at the end it removes it will be for 60% of the whole European Union. 

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