ON THURSDAY "PAELLA"

 

In Spain it is traditional that on Thursdays in the establishments of economic food, the plate of the day is the Paella, I want to pick up this situation to make a game of words before the meeting that apparently the chancellor has accepted Angela Merkel. If it is necessary to pay attention to their previous manifestations in the sense that she would not meet, if there was not a solution previous, (and that meant that it should be the one that she wants), it is necessary to think that if there is meeting it is that one has solution, a solution "pa-ella", forms colloquial of saying “for her”. 

 

Germany was shown yesterday willing to close next Thursday in the summit of the area euro that takes place in Brussels, the second rescue of Greece, although he noticed that it is not necessary to hope that agreement solves all the problems of the area euro. Undoubtedly not, I have always said that the Greek debt is an excuse besides him but total those have been taken out of the sleeve to distract the personnel, as if they were magicians and us children. 

 

"The German Government works at all the levels and with all his resources so that on Thursday a good result is obtained that sends a strong sign and white to the markets", it is that if he doesn't make it the markets they go to for them, they already ran out of already the infantry troops all dead ones, now the markets don't have more remedy than to go to for the chivalry Teutona, and this he doesn't have more remedy than or to win the battle, or to escape to the spread gallop.  

 

Their partners welcomed with relief the constructive attitude of Berlin in a moment in that the crisis has contaminated to the big economies of the Monetary Union. We "hope the plan" is approved, the French minister of Budget pointed out, and in this sense, the declarations of Merkel in favor of a concrete result on Thursday, they go in the one very good address, I am not so sure but yes I believe that should have a decision in firm on Thursday. What solution I am not able to him neither to imagine. 

 

And I say this because I fear myself that they will continue putting above the table the Greek debt, and I repeat, the Greek debt doesn't have any importance in this crisis, what has importance is the economic-financial disunion and politics of the Europe of the euro, the Greek debt it is distributed by all Europe and it is known with certainty that Greece will never be able to her to pay neither he paid it, so what the markets want to see is as Europe it dilutes the whole sovereign debt in their bills, and as much as value is given, if the lost resultants of the plan are acceptable for the markets you finishes the crisis, if they are not it, you finishes Europe.  

 

It seems to be that the responsible financiers of the European Union shuffle several you formulate to articulate the way that the banks and the private sector takes with their part of responsibility. But in definitive the shots go I eat we have already read it in several articles, for a controlled default of the Greek debt that allowed to refinance it to the drop with less interest and more refund term. That the luck accompanies them.