IT IS ALREADY ENOUGH OF USELESS LIES

 

The European Commission, the International Monetary Fund (IMF) and the European Central Bank (BCE) they will revise to the drop sensibly their adjustment demands to Greece for the collapse of their economy, according to 'Der Spiegel', sources without identifying of the institutions that represent the creditors, the budgetary objectives to those that agreement Athens should aspire with the memorandum of the second rescue are at the moment "illusory", because the economy is contracting in a remarkable way. 

It cannot continue being deceived itself, like he seems to want to make the economy of the Euro group counting with which Greece obtains a primary surplus (without counting the payment of the interests) of 1% this year, like it was foreseen, they notice these sources according to the magazine. The surpluses estimated by the institutions for the next exercises will also have to be revised to contemplate as the negative evolution of the Hellenic economy in the last months he has stopped to the country in the path to continue falling more deeply. 

It is impossible that an economy that should be rescued by third time can be profitable in economic terms the interests accumulate in such a way that they impede any payment plan of the due main capital and they impede it for two reasons the main one because the country and its economy doesn't take place enough today in day and him second is that if it is demanded bigger cuttings and more restructurings that will spread to that he wears out less but also to that is collected less by the logical action and reaction of the own demanded measures.  

It is absurd to continue with this economic soap opera the institutions they consider now that Greece could obtain next year a primary surplus of 1%, in front of 2% foreseen. Also, prevent that in 2017 and 2018 the preset goals of the 3 and 3,5% are neither reached, respectively. This affects directly to the group of the adjustment measures that the creditors want that Athens implements, as well as to its setting rhythm in March said clearly returns them ineffective for the impossibility of its application. 

This revision puts also in question the financial capacity of Athens to return all the money that the creditors have lent him, it alerts that you could also reopen the debate about the necessity of one it removes for Greece. The refund capacity is especially outstanding because the IMF keeps this approach in mind when carrying out new loans and the European Union wants that this multilateral institution participates in the third rescue to Greece. 

By the middle of this month Greece agreed with the Eurozone a new financial rescue, of up to 86.000 million Eurus, in exchange for a hard package of adjustment measures and structural reformations. The incredibly insecure Eurozone of itself has consented to study this possibility but it is not necessary any study, Greece cannot pay the two rescues that he crawls, the question is, like it will return a third. I cannot understand that fear has the Eurozone its attitude it is suicidal because if what seeks is to give an image of security and strength of the euro in my opinion he is making the strength of the euro just the opposite it is gotten teaching to the world that the economies that compose it are reliable and sure and this doesn't converge in the Greek economy. 

But it is that we are not also doing any favor to Greece because at the end this cannot end up otherwise that being expelled of the euro, with that that besides the damage that will have been caused to the Greek society because it will be more sunken of that than today this with what still cost him more to restart their road outside of the euro this it was absolutely crazy because it will have demonstrated to the world that or their strength doesn't exist because he won't have been able to or lover, to overcome a problem that alone it affects to 2% of the total of its economy.