THE HORSE OF TROYA ATTACKS OF NEW

Greece has put the horse of Troya again inside the UE he made it years ago when it was strained in her and in the euro and he is again in the eye of the hurricane. While it is debated if the Hellenic country needs a new rescue or even if he needs to restructure its debt again, the Greek bag has fallen today 7,35% again while the price of the Greek funds collapses. This history is old, something that one already lived in 2009, but for other people's but interested comments I believe that this time the trap is really much more dangerous. 

The financial portal Bloomberg publishes that; Ireland, Portugal, Spain or Italy seems immune to the odyssey that Greece is living. Good example of it is it the reaction from the Irish voucher to 10 years whose profitability falls in today's day -1,65%. while those of Spain or Portugal are seeing small increments of its profitability, practically insignificant that Bloomberg will say to the Anglo-Saxon markets it doesn't interest them that it goes a long way the panic but the reality is that the panic this here.  

In their opinion he affirms that the Euro area in general and the peripherals in particular are under better conditions those five years ago: reformations have been attacked, they have decreased the deficits, the banking is better and the BCE already appears as guarantor of the system. For it, a Greek crisis 2.0 should affect countries like Spain less. Oh with Bloomberg if this is this way because so much Greece scares, we are I eat at the beginning, the Greek debt was ridiculous the UE concretely the euro area, it could have absorbed it but the selfish persons markets he didn't give them the desire, and that problem of hardly 3% of the GDP European today can put in danger the whole economy of the euro. 

The infection risk to other countries of the area euro is total, of there the movement and the restlessness that he comes off in the taking of the correct decision that if to lengthen the end of the rescue that to carry out other this it is as always the reality the euro area he doesn't know what to make or what is worse cannot make what the economic logic advises that it is not another thing that to kill the Greek debt and to restructure the whole outlying debt, don't fit them doubt Mrs. of Bloomberg, that if one doesn't make this the contamination he will extend again with more virulence because today I remind them that the outlying debts have not decreased, 

The debt of Spain has arrived to 100% of its GDP when in the algid moments of the salvage of Greece it was hardly of 80% and that of Italy already neither I count them and it is not worth the fact that is decreasing the deficits this doesn't pay the debts, but just the opposite the countries get in debt but to correct the deficit, because the situation of so many cuttings makes fall the GDP or at least they stagnate them with what you/they appeal to the debt to cover the defaces between revenues and expenses the governments they cannot make another thing because the economies are most in deflation. 

And also today to the risk of economic infection the politician is added according to Bloomberg the BCE he will begin to buy public debt very soon. This decision can help to cut of root the problems that Greece is living these days. But what Bloomberg doesn't say is that Germany says that there is not purchase of outlying debts, and Bloomberg he doesn't find out anything the UE it is in process of change of political and it will pass more or less of the politicians old and conservative, to those but of extreme left this way this Syriza in Greece; PODEMOS in Spain; the decontrol in Italy and the fall in dive of Hollande in France that they make wait a total earthquake while this doesn't clear up the BCE it will be captive of Germany and he will wait to see what it happens. 

And it is that the euro has survived a debt crisis, but now he also faces other problems that can be similar of dangerous. The great challenge of Europe next year won't be alone economic, but rather it will be political: the peak of parties radicals as Syriza in Greece or PODEMOS in Spain they are presented as the big challenges of the euro zone for 2015 and if these parties are imposed in the respective general elections forgets to charge all the existent debts in the euro area.