martes, 11 de diciembre de 2012

THE FUTURE OF THE EURO IN HANDS DE ITALY, SPAIN, AND CATALONIA



Unexpected turn in the stability of the euro, and consequently of the euro area after the broadside caused by Italy advancing what was a future fact, resignation of Mario Monti, and giving cause with it, it is necessary to reappear the disorder the trap the graft and the Machiavelli’s of Berlusconi, this situation becomes a serious threat to Italy and the European union.  

This fact scares Italy like yesterday was done with the behavior of its market and its sovereign debt risk behavior, but at the same time it worries and a lot to the rest of the euro area that you go like a road of immense water can open up in some of its weaker flanks and that it seemed up to now but reinforced thanks to the consistency of a character like Mario Monti. If it is not corked this hole soon the indecision and distrust of the markets this again served one. 

But it is that besides the problem that represents the Italian surprise of for yes, he increases up to now in great way to the other problem irresoluble on the part of the euro area, this problem calls himself Spain they will already have supposed it. The tremendous ineptitude and insecurity of the left PP that it sustains the Spanish government, have made possible that one year has passed without fixing absolutely anything, because to lower the budgetary deficit is not any solution, if you goes up the sovereign debt on the other hand, and the unemployment makes the tributary revenues for the increase of the IVA, to be squandered in more grants and in smaller revenues for industrial benefits and of the consumption. 

An absolutely lost year, because we don't deceive ourselves, being optimistic alone he has moved of place the real estate bubble that tortures the economy of this country, and I tell it being optimistic, because still today of today, it has not arrived neither an euro of the cackled plan of bank rescue, and I frankly begin to doubt that it arrives finally, anyway and giving it for fact this injection of Eurus, they don't go to be good for anything because that that in fact will happen it is that the Spanish banks pass their small and medium real estate bubbles, to another immense bubble that the state believes, but that surprisingly it finances with the same banks that pass over it and they concentrate it, I am that I don't understand anything. This is clear that it is a trap so that the 40 thousand millions of Eurus of the bank rescue be in fact a very small rescue for the state and it doesn't stop the banks. 

So at December, 11, 2012, the non alone things have not gotten ready, neither in Spain, neither in Italy, neither in the euro area but rather another much more important conflict has also arisen of that that seemingly seems, this conflict is not another that the “Catalan rebellion”. The political fill of the Catalan community has arrived to such an extent to such an end that has already magnified the little syntony between Catalonia and Spain that the first one plans a political program to go toward the independence of Spain. 

Spain when he saw what got ready, I take a very dangerous road as it is the declaration of open hostilities against the rebellious Catalonia, with the purpose and the objective of defeating it completely. as autonomous entity instead of palliating their wrong to be with economic and political diplomatic agreements, Spain calculates bad, as always its prepotency blinded her and he saw in some unexpected electoral results, the break of the secessionist unit of Catalonia, because the party that led it didn't get most electoral that waited, this served as flare touch to attack to the Catalan jugular by means of he is economic strangulation, and the contentious politician of the most painful laws for the society attacking its language and its education. 

Not well calculated as always, because now today the nationalist Catalan society and separatist is united again, and they are looking for and they will find it the way to build a nationalist absolute majority and independent in the government of the community, with she will open up it a new front, to which I fear myself that the government from Spain will offer some maneuvers counteroffensives that will put very nervous to the markets and the euro area, because as always the anger and the prepotency are bad consultants. 

This way the things the "euro" will be in order to year 2012, not alone with a lost year, but with the infuriating possibility that the 2014 are much more conflicting politically at least, of what has been this, with an Italy without knowing if he will go toward the populism "Berlusconiano" and anti German ; with a ruined Spain, and with the more than possible threat of secessionism of one of their two economic motors, that will make him to be possibly no longer worthy of the but you rescue. 

In summary Italy, Spain and Catalonia can be elements more than enough to put in check to the euro, single lack to know if that check, will also be "checkmate"  

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