The economic situation in
Europe if we except Germany, it is disastrous, it is it because more than 70%
of the European economy and the societies that compose it, they are in frank
recession, already unite numerically and others in an on the way to he goes and
he comes that the only thing that indicates is that what they save today loses
it tomorrow. The responsible economic Europeans don't really know that to make,
it is always the same thing, they deprive the national and even private
initiatives before consensual an approach uniformity.
Little by little the pressures
on the states are loosening although it seems the opposite, there is who it
confuses the non intervention with the pressure and it is not this way. They
will see that the BCE has stopped to buy sovereign debt, he doesn't mean him to
press Spain or Italy to that they act with but restrictive measures, he simply
means that there is no longer anything to make with these economies, so now the
pressure external European has stopped to exist and he/she simply hopes what
the destination wants happens.
The same thing happens with
the bank crisis there is no longer neither test, neither regulatory measures,
neither fuse, neither anything of anything, the solution is already "survives
who he can" and it is what they try to make the banks and the national
banking, they are making the paper of the BCE car being bought its own country,
it is of crazy, Spain puts in auction sovereign debt and they buy it the
Spanish banks, because certainly nobody already trusts of her, curious because
one thinks and with what money they make it, because with the credits of the
BCE that they find difficult 1% and with the one that they buy its own debt
that surrenders them the 5 or 6%.
This besides creating one
authenticates debt bubble, of an incalculable danger, it distorts the political
measures completely and of governability of the banking, because you would be
able to force to make a painful reconversion to somebody to the one that the
being owes him or not to be economically I relent, in no way, the days and the
months pass this way without bank reformation, without credit, without debt
reduction, without deficit descent, anything of what the Spanish government
proposes neither the community one arrived to his end.
This situation is a diabolical
hairspring because the political currents that come, and that they seem to have
a certain air more socialist, they will require more money, since otherwise
there is no way to produce an economic reactivation for any place, so one can
think that for this reason the BCE doesn't buy debt he stays the money for when
the current social European requests fuel to be reactivated, so when this
happens, the BCE injected thousands of millions of Eurus to the European
economies, and that it will happen in the poorest, I refer to the Spaniard for
example, because that it didn't arrive neither to the door of exit of the
Spanish banks, these they stayed everything to redeem the debt and interests
with the one that now is sustaining the day by day of the Spanish state.
The economic reactivation in
such Europe and like the things are, it is in viable, alone one will be able to
reactivate Germany, there if an on euro in the mighty river of its economy, is
an euro that flows toward the consumption, toward the export, and toward the
reduction of budgetary, but alone deficits there, in our country it has broken
the economic balance without fail, here and on euro in our economy will stop to
pay interests to save the debts contracted by the state with the banks, and
surprisingly to augment the budgetary deficit.
This is the drama of which we
won't know how to leave neither with the PP neither with the PSOE, and we won't
be able to leave because although the BCE guided by the new European currents
starts the lottery from the helps to the reactivation, like it is natural it
will be necessary to spend in buying the note of the lottery to see if he plays
you, and the Spanish economy doesn't have possibilities to participate neither
in that, neither in anything that it means to invest, alone it can clip and to
pick up what can to pay its own recapitalization.
This situation can seem that
it is common to Greece and Portugal and Italy, but I am not so sure of it
because both first for its smallest dimension like country, its figures are a
lot of minor, and with its intervention its debt already finances it the BCE
and IMF and EIB etc., and this perfectly planned in quantity and terms, so the
surprise was in the air until seeing what it passes with Spain and Italy who at
the moment has been ahead and a lot in its recovery, or said otherwise, it has
braked its fall very much before our heavy Spain.
There is no way that the government of the PP
understands it Spain it is not country for 47 million inhabitants, but it is
that I fear myself that the European Union neither is it for 500 millions, so
we will return without fail to the old but not forgotten song of the Europe of
the good two speeds of two speeds or three we will already see. But what is
clear is that if one year ago it was difficult to balance the economy of
Europe, today I see it frankly impossible
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