viernes, 15 de mayo de 2015

THE EURO GROUP DOESN'T KNOW THAT I WALK TO TAKE TO LEAVE THE OLYMPUS



Besides the unconnected of Greece with its more than incordiante victim posture and executioner at the same time of the euro, traps are being made to themselves, I continue thinking that Greece wants that the euro area expels them of the euro, the thing is not anything banal this would mean saves more than 300,000 million debt that evidently elk the position of expelled country would have all the excuses to be declared in suspension of payments. To Greece today in day it interests him to be left the euro, but he is not able to because their debt would be taken equally, Greece needs that the euro group not already expels her for the euro in yes, but because he knows that it cannot page the payment of its debt with the politics’ payment that took to the power to Syriza and its group. 

Little by little the pressure increases to Greece. But it is that also she gives unequivocal signs that it is being ruined on purpose before to go by the demands that he requests him the euro group to save her of the end. Its reaction of being rescued itself to pay 700 million to the IMF with its own emergency funds deposited in the IMF, will be all the legal one that they want, but again it is a jeer and a trap to the community of countries of the euro and worthy of the country. Already some weeks ago we knew that to make in front of officials' payments and other social payments the Greek government he had forced that all the city councils and entities as well as public companies deposited their box cash in the government. 

In fact this already gave the sign that the “corralito” had begun and today the state of the economic precariousness of the country is such that today it has ordered that with character of urgency all the funds of all the Greek embassies are passed over in the world to Athens. Among so much with or without Varoufakis to the front, it is impossible to reach any agreement between the euro area and Greece. The capital flights, what is probable don't cease also, that it is necessary to impose capital controls.  

The Greek entities are coming closer to the maximum of 70.000 million Eurus of allowed emergency funds, although they can also appeal to the ordinary financing of the BCE using funds emitted by the European Easiness of Financial Stability. In total, the dependence of the Greek banks of the money of the BCE was duplicated alone between December and January, and reaching the 85.000 million Eurus. The authorities of the BCE seem according with the fact that the Greek banks can consent to emergency funds of up to 120.000 million Eurus, I eat it already happened in 2012.  

And the reality bill is also in a stage in that it seems that nobody wants to make what should be made, the politics it has been strained in the economy and this complicates everything it is evident that already nobody doubt that Greece cannot be sustained under the current conditions of debt of costs of interests with its poor GDP this any economist has it clear but to accept this reality means that Greece should make an imminent default, to leave the euro and to negotiate individually with each one of its creditors how and how much he pays its debts. 

But then the politics enters in game and everything not gets complicated because the UE and the euro group don't see that the end is this, but because nobody wants to be accused of being its blame the one that this pass. And I have it very clear the blame of what passes Greece belongs to Greece and its governments, the same thing that what passes him in Spain is the Spanish governments' blame from 1975 until today, the blame that can be given to the UE is to have believed the bills that Greek, Spaniards, Italian and even French and Germans were the truth of their economies of their plans of restructurings and economic expansion. 

I always wonder how the BCE and the UE that Greece enters in the euro that Spain bolted building houses, useless infrastructures and the second Rail high-speed bigger net allowed. (AVE). This is part of the reason that today makes in concretion the politics of the euro area, because in the bottom they feel guilty of having allowed that they strained them all the economic dirt that the poor countries of Europe have strained to the help of the strong euro and, of the own selfishness of the investors German, French, American etc. Today to me to understand, alone there is a solution to recompose the credibility of the euro area and the hope that the UE survives and this raisin to change attitude and to accept the reality once and for all is European economies that you/they cannot survive under the pressure of the euro.    

One of them is Greece and to try to give him credits lends rescues and what they want doesn't serve as anything they wore out them one after other and the Greek economy will continue being deficit because this it is the problem, I say and I sustain that Greece cannot have like foreign currency the euro, because it doesn't produce it for if same but rather he has to buy it with some economic resources that its economy doesn't take place. And not alone that, but rather these Eurus also spend them in grants to officials and unemployed and the same raisin in Spain, for that reason and not for another thing SYRIZA has come out in Greece and PODEMOS in Spain.    

No hay comentarios:

Publicar un comentario