The interested praises to the recovery of the Spanish
economy made by the government Rajoy and some other governments of the UE,
interested in not creating another Greece, they have left step to a growing
scepticism among the international investors. Give you Spain is sought now to
hide the reality of the true economy of Spain, for they are used it the
convocations of elections in Catalonia, (with the annexed threat of declaring
its independence) and the uncertain result that they present the Spanish
general elections that will take place before year end. Both draw a scenario of
political uncertainty that raises doubts among the international investors.
Alone in June, the experts point, the international
capital moved away 21.000 millions of Eurus of the Spanish market. The
investment decisions are postponed to January awaiting that the political
scenario clears up. I don't see anything of strange in this, it is the normal
thing and this would happen and it passes in any European country that gets
ready for some general elections of very uncertain result, and others that can
take step to that the country loses 20% of its national wealth, the thing are
not for less than to take cautions, but this doesn't happen of here, the
capital picked up now doesn't make more than to take refuge until it passes the
uncertainty of not knowing that address took Spain and Catalonia
Of this he doesn't have the blame the Catalan independentism
because this it doesn't outline any variability of alternative, the investor
knows very well that at the end he will decide if it reinvests in a new country
and a new economy, or he should make comfortable alone to the Spanish economy,
there are not more roads. The problem is in the Spanish economy where many are
presented more variable: If it will be a new country with a GDP 20% weaker, if
its new government's composition will be so obedient to the German theses, or
it will be more revolutionary with more populist politicians and of left, this
takes us to think of reactions unforeseeable today on the part of Spain.
That he will make the current government before a more
than possible loss of both elections, accepted it democratically, or he took
the road that already took in 1936 seeking protection in that with a part of
the country being declared independent and the other one being declared
populist of left, somebody will have to put order, this it is the risk that
come the foreign investors they don't give him more turns, don't have anything
to see the Catalan elections neither the Spaniards, what misleads the investors
is the reaction of the party today in the power that it is, as everybody he
knows, the heir of the national right that I facilitate the lift behind
national years.
Until hardly some months ago, the investors bid to
have positions in the Spanish market. The long crisis that had suffered the
Spanish economy had reduced the price of properties, actions and companies
until levels that the international investors considered more than profitable.
The situation has varied considerably along the summer. They don't refuse the
improvements that register the economic data, but yes they appear in the
scenario elements of political uncertainty that they raise doubts. And with them,
many questions on the possible scenarios resulting consequence of the electoral
consultations visible.
I would advise to the economic means you tune the PP
(that now are all) that don't play to pyromanias, this doesn't make more than
to burn the ass to Spain against what they seek that it is that burns it alone
to Catalonia, and this is this way because they continue without realizing that
for the international market Catalonia doesn't still exist and that one doesn't
know if it will exist, however if they continue reading hearing and seeing the
nerves that the Spanish politicians already reflect in the face of the
inability apparent of re conducer the uncertainty of what can happen after the
27S, the losses of trust to Spain will grow, and I repeat them that this to Catalonia
doesn't make him any effect, because up to now, Catalonia is a Spanish and
alone problem it affects Spain, starting from the 27S the things can change and
if they win the secessionist parties the elections, then if the international
investors began to calculate options it has more than enough investments or not
in Catalonia like a new economy.
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