MEETING OF SHEPHERDS, DEAD SHEEP

The eurozona is not able to leave the crisis of the debt, approved the rescue plan to Portugal, now we are surprised meeting undercover to debate the problem of Greece whose economy continues same or more weakened, almost one year after the concession of international help to save its crash. 

Discovered the meeting of shepherds is evident that the popular statement takes letter of certification "Meeting of shepherd’s dead sheep "that is to say, meeting of the euro group, economically dead Greece. They can already deny it for active and for passive the fact is this, and it is natural that they deny it, because it is to save but sheep. Inevitably the form of acting on the problems of the debt of the countries of the Euro, is not up to now the employee, and it is not it, because the solution that is given, to try to avoid a crash by reason of sovereign debt, goes to add another bigger debt, and it is not this the solution that is needed, what it is necessary to make it is to absorb the debt or part of her until the limit that the country can support, with refund guarantees or maintenance.    

I am not in against however to that the Euro group, demand guarantees and the reduction of expenses and costs to the country gotten in debt in excess; I consider necessary a new adjustment plan for the Mediterranean country. But on the debt is absorbed, probably for the amount of the carried out loan, or Greece won't leave the crash in that he/she is. The current interest rates for the Greek funds are between 14 and 20% to two years. Therefore, it is impossible that Greece is able to be financed alone with rates so high. 

It is not necessary to delay more the decision, because if Greece collapses, Portugal collapses, not because its situation is worse not, it is that it was to the overdraft the error of the application of the adopted measures, and the international markets forced without pity the guarantees to Portugal, Spain, and in definitive to the area euro, and in this case good-bye euro.  

The UE together with the IMF offered to Greece in May of 2010 a plan of loans for 110 million Eurus to three years, in exchange for a strict program of reduction of its deficit. But also to some you interest that are not possible for the economy of the country, this it is the problem of the question, if the objectives are not achieved, it is foreseen that the country still has to crowd together more the belt. But the public deficit of Greece has just been revised to the rise, of 9,4 to 10,5% of the GDP. That which leaves well to the white that Greece this drowned economically, and against but he/she crowds together it less he/she will be able to take place, to grow, and for consequence to make in front of their commitments. 

So it is not another solution or the 110 thousand millions should be good to dry of a once the quantity of debt corresponding of Greece, aiming the amount to several and practically thoroughly lost donations, and that yes, to maintain Greece intervened fiscally on the part of BCE, so that with the relief that would suppose their indebted stabilization, to apply the impositions of austerity, reduction of expenses, and budgetary order that are required, until it is regularized to deficits of 2% that the BCE wants. This or shepherds, they have you among hands a dead sheep. 

Neither it would be despicable to go thinking of the proposal that I have carried out several times of looking for a Dual Euro that is to say an internal euro of each country and the patron and international Euro, with this we could give the possibility that the countries can be adjusted devaluating their Euro, in front of the international Euro, I repeat this it is not difficult, indirectly it had already been made with the Marco German, in their time when the Euro didn't exist, all the European foreign currencies were indexed the German Marco, Germany that has been always the economic pattern of Europe, believes that he/she would understand this solution very well, the patron Euro would have the consequent international value with the valuation of the different national Eurus, but the commercial valuation that the BCE marks, what would give a real balance to our foreign currency, and it would allow to those but good to come closer to the parity 1 and to the worst to the corresponding parity, with what you/they would be forced to have less happiness or more expensive, so alone they would leave regulating. 

It is obvious to say that the international transactions, the European debt, and all him with respect to the financial movements of the UE, they would be carried out alone with the patron Euro. And no country could make external transactions with its internal euro, if not that he/she should buy Eurus to the BCE, to make payments or international transactions, unless that its own Central Bank, has funds in bought Eurus or changed to the BCE.  

Alone I want to stress that have always used the nomenclature Euro, but that it would rot each country, if it is considered very complicated to have another euro, to have their own currency with different denomination, but I believe that if it becomes well, in some years I calculate among 8/10, the internal currencies would disappear and it could spend definitively to the EURO, because the fright would have been enough for not falling so in the same errors again we simply have all the patron euro 100 again, seemingly it would not have changed anything.