TODAY IT LEAVES THE “EURO MILLION”

Friday 15 of Julio retain this date in their memory today it is the day of the principle of the end of the European economy, and a lot I fear myself that of the Western economy, today it leaves the euro bank million, that is to say the results of the test of stress of the European banking, results that the whole market already knows, and that you has already speculated with them, because one knows that they are for that reason a disaster the collapses of the European bags, the ascent of the Italian and Spanish debts the ratings of the debts below the funds garbage etc. 

You cannot continue this way, the decontrols is such that it has arrived to the USA and once the thing has solution there, no longer, the speculators, the markets, the banks, to all have been finished the matter it prevails that is to say of their business the money, the production, the benefit, and alone it has been them the trap and the hidden swindle of operability’s invented on you bet indefinite, that is to say the western world has become a casino of Las Vegas where of all it is known that it always wins the banking. 

The problem is that this time the banking neither has won, because the players have played with the money lent by the own banking, in a boast of irrational blindness that I take them to think of the good faith of the speculators players. So now they are found that the players have won them the departure and owners of all the economic liquidity have been made that should move the financial world. 

Bad matter, they have attempted it of the right and of the setback, they have wanted to give the blame to some poor pets that we walked the PIGS over there, to which have left us without I think to eat, neither stable to live, but clear the PIGS doesn't have money they have been fed in the mistaken characters, you can already request cuttings and more cuttings if there is not more than debts, of where you want them to clip because the debt like he said before it is yours, the only thing that you get it is that the resources of the countries are depreciated with what every time is more possibilities than you are left without recovering anything. 

To see what would happen when this spends they invented the second stress test, it is necessary to be obtuse, to know ahead of time that the debt was unrecoverable, and to lose the time studying as of poor and fools we will be, when the conditions that they already knew were a reality, it is that it is of pure useless, so I believe that what they have sought is to see if by chance today he plays him the euro million to some banks, and to be thrown as fierce on them have just swindled them why another thing won't be able to make. 

At the end the politicians of the countries have begun to disapprove the second stress test they have ended up saying that the entity that negotiates them the it has made up it is already the last thing that I lacked to hear that a player is made traps to if same we read this way: The rebellion against the stress test to the banking has not arisen in the outlying countries, but in Frankfurt, the financial capital of the area euro and headquarters of the Bundesbank. It froze, an entity controlled by Hesse's land and the boxes of local savings, announced yesterday that refused to undergo the specifications of the European bank authority (EBA, in its initials in English) when being in against the capital definition that outlines the organism. 

 

The maxima responsible for the Bundesbank far from calling to chapter to the directive of the entity, they have supported their decision. It "froze it is, I lower our point of view, sufficiently even capitalized under the hard approaches of the test of European" stress, it assured yesterday to the press agencies Sabine Lautenshlaeger, vice-president of the German central bank. 

After this the results that they leave today one can say that they won't move anything and that he/she will have gotten lost a beautiful time discussing if they were greyhounds or hound alone that as the story at the end have been eaten and we don't know who has been. The true results of the raffle of the euro million are that: 

Weakness of the economic growth. The economists of this bank calculate that the economy of the area euro will expand around 1,2% in 2012 

The yield of the funds grows more than the nominal GDP. According to Morgan, it is a bad symptom. "When it costs to be financed less than what the economy grows, it is requested borrowed to invest in the own country", it indicates. 

The long term concerns now are short term. "Europe caught in kind of a descending hairspring for the one that the first floor growth leads to more public deficit. 

To reduce the deficit is not enough if there is not growth. "The investors are not only centered in the public bills of country" 

The European banks, the most exposed. Morgan Stanley points out that exactly the European entities are those that more exposed they are to the crisis of sovereign debt of the region and the stop of the growth. And exactly this sector is the one that more worries to the markets. 

So we are already plundered ahead of time he gives the same as today they make the raffle of the euro million, already everybody knows the loser, they realize that of being made traps to oneself to make a raffle to lose it ridiculous truth.