Standard & Poor's announced on Friday an abrupt degradation of the
quality of the debt of Spain, being fed mainly in the autonomous Spain, using
her like hammer pylon to enlarge more the disaster that is in definitive, the
economy and the Spanish politics. Following the discount of the rating of
Spain, their opinions are totally directed to create more confusion in our
economy in front of the financial markets, not you sincerely, if this work of
it undermines it is characteristic of them, or it is directed from the own
Spanish government's stamens that will use them very to their favor to continue
with the cuttings, and the re conducer threat the constitution of the
autonomies, without having to admit in any case the error that the timid
politicians made after the end of the dictatorship.
Because I make this exception, and I question the origin or the address of
this defeatist strategy, because as it transcribes in the article of REUTERS
where the news appears, it puts in mouth of Standard & Poor's the following
sentences: We "believe that the central Government's capacity to provide
support to the "regions" (like it is appreciated they don't have
clear that they speak if of regions or of autonomies) he has weakened in the
long term", at the same time that they also highlight the incipient new
recession in which is immerse the Spanish economy.
And the attack begins in guerrillas' war, it is no longer enough with
attacking Spain but rather there is that or to destroy it completely, or to
help her sibylline to that makes what they want, so the first broadside goes
with Catalonia, only leaving it to a step of the considered grade of investment
of voucher garbage, at the time that clips the qualifications of other six
Spanish autonomous communities, whipped by the high debt and the one
deteriorated economic context of the country, I continue without to understand
to that play, the problem it is of the autonomies or of the deteriorated
context of the country.
After the recent discount in the profile of credit of the Spanish sovereign
debt, the qualification agency has revised the profile of the different regions
applying the discount more accused to the most indebted, the Catalan that
deserves for the agency a qualification of "BBB - from a note previous of
"A". I distrust again because it is not a region Catalonia, neither
it is the most indebted although it is the one that but debt has numerically I
relent, because its capacity and its GDP gives him a ratio that is not in fact
that of more indebtedness.
In this consideration, to only a step of the "BB" (first
qualification of level "garbage") that maintains the Valencia
community, it has also been fixed for Balearic, from their qualification
previous of "A - ". The communities of Madrid, Galicia and Canaries
are affected by the new analysis being clipped their note from "A"
until "BBB+" while Andalusia and Aragon lose two steps from the level
"A" and they locate their note in "BBB". Additionally, the
agency also reduced the qualifications of the cities of Barcelona and Madrid
until "BBB+."
An attack in all rule like he can it turns well basted and organized to sow
the panic investor from all the possible sides, to the country to the
autonomies to the regions, and just in case to the main cities of Spain, in
short it sounds to a true final assault to our economy, this strategy in a
moment in which the markets are demanding a high cousin of risk to the Spanish
assets, supports the Government's intention that has also elaborated a Law that
will allow the intervention of those communities that you/they cannot fulfill
their deficit obligations indirectly.
This performance so hard, and although we have it very well won, he smells
me of lid to be able to make and to undo the government from Spain, what wants
being jumped the constitution with the excuse of the economic precariousness of
a country that has passed of being an empire, to an I authenticate trash can,
frankly the destination that awaits us in the disastrous governments of the PP
hands (and alone they take four months) it is to throw to cry, Spain is about
to the economic collapse, Europe doesn't have any interest in helping us, we
will lose the only position of relevance that we showed inside the BCE, and if
I eat everything it seems next Sunday France you socialist restitution and
Greece also, we stay again to against foot.
At the same time before the panorama of the des coordination, of the
cuttings that don't work, of the revenues that don't arrive, of the deficits
that didn't get ready, and of the unemployment that provokes us the social and
political rejection in all Europe, and before the virtual closing of the
financing markets, the Executive finishes the emission of the acquaintances as
"hispanobonos", holding of debt with the guarantee of the Treasure
that they would allow to the regions or autonomies or counties or towns,
because already nobody knows in what we will finish being, they can refinance
his debts, thing that won't happen, because the guarantee of the Spanish state
is not worth for anything, in the moment that they leave, (it sews that I
doubt) the "hispanobonos", the markets reminded us that the
autonomies, the regions, the counties, the city councils, the banks, the
unemployment, the deficit, and the debt, we all are Spain.
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