martes, 4 de noviembre de 2014

THE ECONOMIC DISASTER IN SPAIN AND OF THE EUROPEAN UNION IT IS COMPLETED WITHOUT SOLUTION


A while ago that I am writing on the general crumbling of the UE neither the economy works neither the politics works although I believe that it is the first one the one that makes wobble anyway at second he gives the same thing that was first if the one had or the hen the question is that the hen of the eggs of gold dies and behind we go all the Europeans. 

Today they have been given to know the economic forecasts of the European Commission for Spain and the group of the European Union and both paint worse than six months ago, that is to say how he told them we don't go forward but back and now it confirms it Brussels that calculates that the growth in the area, will be this year from 0,8% tenth four inferior to the prospective one and, far from turnaround until 1,7% in the 2015 like it was expected in May, already prevue that will only reach 1,1%.  

It is evident that this situation of deceleration of the general economy of the union will affect to the Spanish economy, Brussels corrects it for the 2015 and the discount of 2,1% that the Spanish government waits to alone 1,7%, and with an unemployment of 23,5%. The so cackled acceleration of the economic growth in Spain is postponed once again, now up to the 2016 it is not expected that the national wealth grows above the barrier of 2% (Brussels predicts an expansion of the GDP of 2,2%, and a fall of the unemployment until 22%). 

The worsening of the situation economic general will complicate all the efforts of the national governments to complete the objectives of reduction of the deficit, (that are the main cause of the disaster and left not her as Germany it imposes) in the case of Spain it is already a suicide to seek to accept these forecasts Spain it won't grow on 2% until to the frogs it leaves them hair, or Spain stops once and for all to belong to the euro.  

The economic perspectives that figure in the budget draft outlined by Mariano Rajoy government for the 2015 don't guarantee that Spain will turn their objectives of deficit reduction for next year. The government waits that the resulting savings of the new cuttings and reformations together with the turnaround of the economic activity, compensate more than enough those announced cuttings of taxes and a relaxation in the politics of recruiting of the public sector that the PP is forced off to announce for that the elections are to the turn of the corner, but Brussels calculates that the deficit will be located in 4,6% of the GDP, that is to say, tenth four above the conventional objective for the 2015. 

That they will be more many more because the political reality of Spain to which Brussels doesn't want to enter will still give a turn of 180 grades to the current government's conservative and centralist politics, I don't believe that this government can arrive at the end of the legislature on one hand the pursuit of “Podemos” that it is much quicker and stronger of what was expected and the central government's blindness of maintaining without I dialogue neither exit some to the conflict Spain Catalonia, he is making fall the trust of the international investors and the bad thing is that the PP continues thinking that it is blame of we Can and of Catalonia, when the reality what scares to the economic world, is that the government from Spain doesn't make anything to rectify the road toward any part that Rajoy has taken to the politics and the Spanish economy.  

It will be at the end of month when the European Commission is pronounced on how to act before this possible budgetary deviation. It is not clear that the reaction will be to request more cuttings to make sure that it completes its deficit objectives. The economic stagnation and the bad employment figures and investment in the area euro are making veer the European economic politics little by little and it is not discarded that Brussels opts in fact to tolerate certain relaxation in the reparation of the public bills in several countries of the biggest after Germany I refer to Italy Spain and France.  

But at the moment there is not anything concrete the alone situation that the economy and the employment doesn't improve to the necessary rhythm. The European Commission will use all the means and resources at your disposal to create more employment and growth in Europe, Jyrki Katainen has declared, vice-president of the European Commission for Employment, Investments and Competitiveness. The new community executive's great bet that took possession this weekend goes by the launching of a plan of investments valued in 300.000 million Eurus. But this is not the solution it is simply a patch that he will get lost amid the real necessities of the European economy. 

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