jueves, 3 de abril de 2014

IT IS NOT SINGLE DRAGHI AND THE BCE THE ONE THAT SHOULD ALSO BE IN CONSENT THE EURO GROUP


The most important thing is that there is consent" in the breast of the monetary institution. Draghi that also admits that the fact of the IPC of March was "an authentic surprise" the decision of maintaining the types of interest in 0,25% has admitted it has been on-line with that waited by the consent of the market and he has taken for "unanimity", 0,25% is the lowest level in the history of the euro and in the one that the types take anchored from November of 2013.   

Neither there has been surprise with the easiness of deposits that is the interest with the one that the BCE 'he pays' to the entities 0% to deposit their surplus, in spite of the already long debate of transforming it into negative to try to motivate to the banks to that they lend that money so that it arrives to the real economy. In the later press wheel, Draghi the president of the BCE, he has manifested that they have decided to maintain the types because the inflation expectations will continue on-line with that waited and that the inflation forecasts continue "firmly anchored", the volatility of the prices and the proximity of “Holy Week” that this year he falls in a later period, it produces much slower inflation data in March and he can that next month, be corrected to the rise". During next year it is also expected that the inflation continues being low, to arrive close at 2016, but below 2%.  

Draghi has repeated that the types will continue in the current or even lower level during a lingering period of time again. And he has said that "in summary: we need a commitment for the stability of the prices", we have discussed all the possible instruments and he has wanted to leave clear that all the measures have not been drained in monetary" politics to make in front of a lingering period of low inflation.    

On the other hand, Draghi has alerted of the geopolitical risks and he has noticed of an application of insufficient fiscal politicians on the part of the Governments. This is to my view the question like he said in the one titled it is not enough the consent of the BCE if there are not political consents they are already or not fiscal, the euro group should have very undoubtedly it should be balanced that cannot be that the energy have a price for each partner that the credits flow in some and not in other that the wages are more than twice as much among some and others that some partners have the one more than double unemployed that other, and this you cannot consent because all should pay their costs and to sell its productivity that is to say with the same currency "the euro." 

But they already come it you the euro group now is in elections and everything is stopped until after May so don't deceive ourselves if the BCE leaves the things like they are and already this has been for months this way, it is because the euro area is also waiting like they will be the things after the elections of May, it is of innocent to think that a central bank can make political economic, fiscal, or monetary if its clients each one wants a different and suitable solution to its particular interests without keeping in mind the economic state of its other clients. 

This problem is the same one that makes that the UE doesn't work that he enters in recession no matter how much Draghi tries to deny it you look the more strong it is the German economy and that of its satellites, but depression will have in Spain and its equals, and this cannot be this way if one wants a monetary, economic and fiscal stability, for all now at the moment to the euro area and later to the whole UE. I sincerely don't see it clear or they change the things or we are heading to the Europa of the two speeds like for some time Germany wants. 

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