ONE OF LIME AND ANOTHER OF SAND. A SOLID COLUMN IS NOT BUILT THIS WAY

In Castilian there is a sentence that defines those pusillanimous actions that they don't go anywhere very well that they cannot take like base for anything because they are false or antagonistic, what is very different of being weak believes that this appreciation is very important a thing is to either make a politics economic or social weak and another thing is to make it false with a lot of appearance but that if you believe it to you and you lean on in her he collapses to the first of change. All this is defined in the sentence One of lime and another of sand that the holder of this article heads and that he makes reference to that the lime and the sand make an amalgam inconsistent that is not of trusting and it also qualifies those facts that they offer a mixture of good and bad things. 

Today the European bags have left stampede because the European Central Bank (BCE) it will accelerate the rhythm of impression of money to buy public debt in next two months, "this it is to me to understand that of lime" for the last sways of the markets of funds. This like we have seen today it shook to the financial markets. Advancing another injection of Eurus in the market, the unique currency collapsed. The speed of the recent turnaround in the profitability of the funds was so preoccupant the BCE it increased the purchase of public debt "moderately" in May and June for not falling below its objective of monthly purchase. Other central bankers left in support of the program of the BCE to buy 60.000 million Eurus fundamentally a month of public debt, well-known as quantitative relief. 

The reaction of the market that took to the euro below 1,12 dollars and it reduced the profitability of the public debt, it illustrates the critical thing that it is the impression of money for the trust. The impression of money is already helping to impel the bank loans and to elevate the inflation, although both continue in levels first floor. The data published today they show that the prices in the area euro stayed planes in terms inter annuals in April, putting an end to four months of fallen. The prices to the consumption in the 19 countries that share the euro went up 0,2 percent inter monthly , while the underlying inflation that excludes the energy and the not processed foods, went up 0,2 percent by April, and 0,7 percent in terms inter annuals.  

Nevertheless, the area euro, shaken by a debt crisis and a bank one, continues being fragile. The trust between the analysts and German investors of the index ZEW deteriorated a lot more than that foreseen in May, with the backdrop of restlessness in the financial markets, what has altered the expectations about the biggest economy in Europe. This morning it was also said that there were signs of hope that one of the biggest clouds that hang on the block, Greece, be about to clear up. The minister of Greek Work said that Athens soon would reach an agreement with its creditors to unblock more loans to the country on the edge of the crash. 

But I arrive the SAND, the European leaders cooled the Greek hopes quickly that soon the negotiations conclude for an agreement of financial help and they noticed that the conversations should hurry before the country is left without funds. A somber panorama that from Brussels and Berlin contrasted strongly with the optimism of Athens, where the new left Government's officials made a series of public appearances to promise that an agreement was only question of days.  

The minister of Finances Yanis Varufakis said on Monday at night in a television program that could close the treatment in one week, while the first minister Alexis Tsipras had sustained previously that the discussions were in "the final" straight line. The comment almost impelled today the Greek actions 2 percent, but those responsible for the area euro they said that the conversations didn't advance as quickly as it was needed to close an agreement in so little time. It is needed more time and effort to settle the breaches in topics that they continue open. We consider that there are advances but to a slow" rhythm, the spokesman of the European Commission Margaritis Schinas said in press wheel. 

The Commission also denied the information published in a Greek newspaper that he said that its leader, Jean-Claude Juncker, he had offered a proposal of commitment to break the stagnation in the conversations that fixed a goal smaller than primary surplus for Athens in exchange for fiscal reformations and tax increases. After a meeting in Berlin, the leaders from Germany and France said that the conversations between Greece and their international creditors should accelerate to liberate additional loans for Athens. 

"I would say that the conversations should accelerate, and we wait that the outstanding forum - the Group of Brussels - it can advance because the agreement of February was that a program should settle down for final of May", the German chancellor, Angela Merkel said, on the other hand the French president, François Hollande, coincided in that the conversations with Greece should accelerate: We "all have the same posture that is that Greece should remain in the area euro". Both leaders will meet with Tsipras in a summit of the European Union in Riga this week, where Greece promotes a series of bilateral encounters to close an agreement before being left without funds. 

After a small economic recovery the last year, Greece has returned to a crisis after the Government of left of Tsipras assumed the power in January with the promise that it would finish with the unpopular programs of austerity and rescues. Without access to the debt markets, neither attendance, the Government was locked in difficult negotiations at the time that they empty the state parks. 

You prevue that Athens with great difficulty gets resources to pay the public employees and pensioners this month, but the payment of 1.500 million Eurus to the IMF in June outlines a much bigger challenge. Last week, a payment of about 750 million Eurus to the alone IMF one could make emptying another bill of the country in the same Fund. The next appointment with the situation of unpaid is June 5 - when it conquers the next payment from Greece to the IMF - as the next inflection point for the country. But, the rest of the Greek Government, was shown trusted in that there is an agreement of effective of reformation "in next days." 

They already come it the UE it continues giving day after day "ONE OF LIME AND ANOTHER OF SAND" and you cannot build this way anything the euro group it cannot continue to continue without knowing that to choose if to use lime or sand so much to solve the problem of the recovery of the euro area like to finish in a definitive way with the problem that Greece represents I continue thinking in that the euro area tries to mix the two materials the lime and the sand the good thing and the bad thing and this could not be it is necessary to already take a decision or the supports manufactured with lime and sand one will come below hopelessly.