THE PROBABILITY THAT LATER OF THE EUROPEAN SUMMIT OF THIS MONTH THE EURO AREA CONTINUED IT IS VERY SCARCE

Today had jumped a news that leaves to see when reading their development, according to my opinion that the probability of the survival of the euro area and the euro possibly stays for a lot beyond this summer, this news said this way: - The Government's president, Mariano Rajoy and the leader of the opposition, Alfredo Pérez Rubalcaba has closed an agreement on the European Council of next day 27. Both leaders have closed this agreement in a phone conversation taken place at the last moment of the morning, as they informed Europe Press in government" sources -.  

The first thing that jumps visible is that little importance will have the treated agreements if they are approved at the last moment and for telephone some agreements between government and opposition to unify approaches to face a conference of maximum level in Brussels before the European commission, deserve more than a telephone call and also without celebration that a simple telephone call, in my opinion that this you has concluded that coldly it is that I fear myself that there are not future positions but simply that there is a preparation for a good-bye, because to the same time that this news jumped, another so much or more disturbing appeared making reference to the opinion of Matthew Lynn: There is more than a way of leaving the unique" currency, and he adds "The massive migration it is what the Euro zone needs so that the euro works." 

It is clear the synthesized message says this way - it is "Already impossible to balance the euro area, economic and socially" -. I agree, the different coexistent economies need or an absolute diversity of having measured proofreaders and of in agreement regulation to their circumstances, or just the opposite, an absolute and firm uniformity, but for this second option, half euro area has more than enough. So that the current countries can remain in the Euro zone, it would be necessary to change the so much demography of the industrialization like of the population that surprisingly at the moment this the invested the industry that is to say the productivity the wealth this in the north and people manpower or rather the unoccupied ones are so in the south or economic grants or industries are transferred from the north to the south, or people are transferred from the south to the north both solutions one has already seen they are unacceptable. 

A third exist via, to empty the europa south with a massive migration so that it is eliminated or balance the productive capacity at the half level of the europa that he wants to maintain the euro in this case what you leave quickly it is that Greece and Portugal have more than enough that Spain should empty approximately in third, and that to Italy he has more than enough a fourth part if this was possible the economies of the south would be perfectly balanced with those of the north their PIB's would be balanced as well as their national deficits. It is very clear if Spain has the same revenues that we have today and has to give services to 30 million inhabitants with an unemployment figure that would not overcome 6% all the problems economic as they would have finished. 

In fact this is already happening but in a dramatic way and without control the area of the euro and Europe are beginning to not see migration waves at a level seen from the big exodus from the XIX century to the new worlds of America and Australia. But that that can be exactly it that the precise Euro zone so that the euro works better, he could leave an empty periphery. The figures are already important, the Italian emigration increased last year around 30% the, arriving to 79.000 people, but the non coordination of this phenomenon, he makes them to be unbalanced more the national demography.  The most important emigrant profile now, is that of the youths of the north part, the richest in the country, those smaller than 40 years suppose half of the total. This reality goes that is to say against what would be necessary it is necessary to transfer the unproductive ones not those that can reactivate the economies. 

A study carried out by the Real Institute Elcano, published in February, showed that 70% of the Spaniards smaller than 30 years has considered in some moment to go to the foreigner. And in Portugal, its population's 2% has emigrated in the last two years. In Greece, the unemployment rate for those smaller than 25 years beat 62%. In Spain, 56% and in Portugal it is of 42% and it continues in increase month to month. It is not surprising that many move to Germany. More than a million immigrants they went to the country the German one the last year, according to the Federal Office of Statistical, what supposes an increase of 13% regarding the previous year, but this is not solution because Germany is already suffering the recession of its productivity, because at the same time that he takes place more, he has outside less clients than they consummate him its products. 

With most of the Euro zone practically in depression, it is not very probable that in countries like Greece, Spain Italy or Portugal the situation of the labor market improves. In circumstances like those, to emigrate is something rational, the massive migration is this way in fact what the area euro needs so that the unique currency works. One of the critics to the euro when he rushed it was that it was not probable that registers in the Euro zone the same labor mobility that in USA. But before this theory that I consider certain, the fact is prefixed that with the current economic imbalances, the excessive emigration of the south to the north ended up collapsing to both poles, some for excessive capacity and to the other ones for the total inability of being reactivated. 

They already come it is not easy neither to explain to it neither to understand it knows it, but it is this way. The one that in the USA the mobility or internal migration is its great advantage about the other western economies, it is that there people don't have the sense neither the feeling that emigrates, there simply she moves of housing but you never go that she neither leaves her country, and the place that receives it, you see that is "being invaded" by a stranger that removed him the work or that she will make that her wages lower, this culture is the one that makes that there he moves the work from a side to another of the immense country, leaving the procedures behind and you manufacture obsolete, being created new work positions without loads of failures or sentimental arraigns that partly are those that make impossible that europa is balanced and that he can make in front of the maintenance of an unique currency.