The capacity of Spain to negotiate the crisis is crucial for the future of the Euro zone, since the fourth bigger economy of the group has the enough potential as to weaken to the group, it assured today Fitch. It is so evident that finally until the Americans they have been given bill, now single lack to see that he makes the Spanish government with this weapon of double edge. Spain is a crucial country with the potential of being taken for before new to the Euro zone.
We still have a great public deficit that will require of several years of austerity to be corrected, to be stabilized for them to be able to reduce the debt from their high current levels and the increase that it will still continue during me calculates three years more, the worst thing nevertheless is that the Euro zone is in recession, for what doesn't help at all to unblock the deface of the Spanish economy that comes undone in subsidies having to maintain a certain social calm in the country, until we don't see a sustainable recovery there will be a high so much level of concern in the government from Spain like in the euro area. The crisis won't be overcome until we see a recovery, what is crucial to help to reduce the debt ratios, to alleviate the problems of the banking and in tranquilizing the political situation.
According to the last data of the INE, Spain contracted 0,7% last year in the last trimester of the and 1,8% at year. While, the objective of public deficit is of 6,3% for 2012. Some days ago "The Caixa" aimed that the deficit would be on 7,4% this means more debt for but you interest and as the unemployment it already touches the six million people the subsidies they require to subtract of the box of the SS. With the purpose of not increasing the external debt but what gets ready on one hand it is ruined by the other one because these funds cannot support the costs of the national unemployment.
While, the risk stays in a soft sway, with the investors looking for answers to the question will generate economic growth the Euro area of how, and like affected to the watch making bomb that is the Spanish economy and this is now the situation, Germany and the countries of the north know it and her bet is that Spain finished destroyed because its industrial inability won't be able to balance its deficit there is not more taxes that to collect and if there is but subsidies that to pay is an impish hairspring that cannot be overcome by Spain.
This reality puts in danger to the euro it is clear if suddenly forty seven million consumers say coarse and they force the government to make one it removes or worse a crash of its sovereign debt is still certain doubts that the rest of strong countries can support the bad reputation that would suppose for the euro in the international markets, because the fall of the Spanish economy would drag without a doubt some to Italy and France, it is as a castle of cards if one falls the castle he collapses.
This condition of break point that he has Spain in front of the euro area it converts it at the same time in weak and strong, in if Spain is the weakest in the euro area, but its own weakness becomes a dangerous one to be able to, because as soon as the government from Spain wants he can say coarse until here we arrive and everything would collapse, difficult situation and this knows it many governments external and many politicians and internal parties but it would be impossible that after the scandals of political corruption that have been discovered in Spain continues in foot the current government of Mr. Rajoy, but the president has something vital for europa it has a total absolute majority that allows him to govern as if of a dictatorship is and this is no more, no less what tolerates to him to his government and the europa of the euro.
But care because this situation won't always last, the fence will be narrowed on Spain, and while the countries of the euro area looked for the way to go being liberated of the yoke of the Spanish economy, there is of time until the German, passed elections these and according to their results, this situation didn't hold back more, I have it clear, and or Spain presents a very clear exit to its problem, or from the euro area they showed us the exit, but not to our problems but to our ownership to the euro.
ORRECTLY
The capacity of Spain to negotiate the crisis is crucial for the future of the Euro zone, since the fourth bigger economy of the group has the enough potential as to weaken to the group, it assured today Fitch. It is so evident that finally until the Americans they have been given bill, now single lack to see that he makes the Spanish government with this weapon of double edge. Spain is a crucial country with the potential of being taken for before new to the Euro zone.
We still have a great public deficit that will require of several years of austerity to be corrected, to be stabilized for them to be able to reduce the debt from their high current levels and the increase that it will still continue during me calculates three years more, the worst thing nevertheless is that the Euro zone is in recession, for what doesn't help at all to unblock the deface of the Spanish economy that comes undone in subsidies having to maintain a certain social calm in the country, until we don't see a sustainable recovery there will be a high so much level of concern in the government from Spain like in the euro area. The crisis won't be overcome until we see a recovery, what is crucial to help to reduce the debt ratios, to alleviate the problems of the banking and in tranquilizing the political situation.
According to the last data of the INE, Spain contracted 0,7% last year in the last trimester of the and 1,8% at year. While, the objective of public deficit is of 6,3% for 2012. Some days ago "The Caixa" aimed that the deficit would be on 7,4% this means more debt for but you interest and as the unemployment it already touches the six million people the subsidies they require to subtract of the box of the SS. With the purpose of not increasing the external debt but what gets ready on one hand it is ruined by the other one because these funds cannot support the costs of the national unemployment.
While, the risk stays in a soft sway, with the investors looking for answers to the question will generate economic growth the Euro area of how, and like affected to the watch making bomb that is the Spanish economy and this is now the situation, Germany and the countries of the north know it and her bet is that Spain finished destroyed because its industrial inability won't be able to balance its deficit there is not more taxes that to collect and if there is but subsidies that to pay is an impish hairspring that cannot be overcome by Spain.
This reality puts in danger to the euro it is clear if suddenly forty seven million consumers say coarse and they force the government to make one it removes or worse a crash of its sovereign debt is still certain doubts that the rest of strong countries can support the bad reputation that would suppose for the euro in the international markets, because the fall of the Spanish economy would drag without a doubt some to Italy and France, it is as a castle of cards if one falls the castle he collapses.
This condition of break point that he has Spain in front of the euro area it converts it at the same time in weak and strong, in if Spain is the weakest in the euro area, but its own weakness becomes a dangerous one to be able to, because as soon as the government from Spain wants he can say coarse until here we arrive and everything would collapse, difficult situation and this knows it many governments external and many politicians and internal parties but it would be impossible that after the scandals of political corruption that have been discovered in Spain continues in foot the current government of Mr. Rajoy, but the president has something vital for europa it has a total absolute majority that allows him to govern as if of a dictatorship is and this is no more, no less what tolerates to him to his government and the europa of the euro.
But care because this situation won't always last, the fence will be narrowed on Spain, and while the countries of the euro area looked for the way to go being liberated of the yoke of the Spanish economy, there is of time until the German, passed elections these and according to their results, this situation didn't hold back more, I have it clear, and or Spain presents a very clear exit to its problem, or from the euro area they showed us the exit, but not to our problems but to our ownership to the euro.
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