According to
UBS, in an article signed by their analyst Paul Donovan, it analyzes the situation
of the area euro and he says among other things that this it doesn't go by
their best moment; it is a fact that is not escaped to anybody. The bloody
debate that in a public way the European leaders maintain, on the form of
putting an end to the crisis that whips to the region, opens queries on the
future that he waits to the European Union. The most pessimistic projections
don't discard jumbled social, civil wars and until new dictatorships.
Frankly, it is
not this way by means, but just the opposite, the revolts, the civil wars, and
the third world war; they will happen if it doesn't break the current
configuration of the European Union. He should in fact take the decision of
disassembling the European Union to reorganize the new politicians in peace,
without causing the revolts and the other disasters that drift on our heads if
it continues refusing the evidence of the failure current European.
Alone if this
break is not materialized coordinately, and without blame accusations of each
other, one will be able to recompose the situation, otherwise they passed two
things: that a Dictator that agglutinates to Europe for the force, leaves or
that he returns to the situation geo-economics, and politics of 1950, that if
after a war of we could call it of "secession" among some European
nations that previously will have been accused of being the culprits of the
fiasco.
This fact is
the one that am not able to understand, I don't know because one has the
sensation that a failure of the monetary union and the euro in yes, it is the
end of Europe, of an Europe that has gone by civilizations, wars, historical
periods that have marked to the western civilization, and here this it is
indestructible. Alone the things created by the man, are like they are and they
sometimes happen well and other bad one, the Europe of the Euro, such and like
it has been developed it is a failure, very since we don't insist in it, let us
give him blot and let us learn more or less for a future distant, because at
the end, Europe ended up finding a system that the one, and this system I
predict that it is not another that the lost of the nationalities and the
creation of a federal state.
I attempt for
my part to denounce to the society that he reads me that it is not necessary to
be alarmed to put solutions to the things, if not for just the opposite, please
think of human things to understand what happens. We have a sick person I
criticize in the UVI it is in coma, and the doctors don't find the solution to
their wrongs, all that you/they prescribe him doesn't give result the sick
person he weakens day after day, and the family already puts on in the worst
thing, all act convinced that the sick person dies or I am not right, look if
no.
The commercial
banks of the area euro deposited this Monday in the European Central Bank (BCE)
a total of 166.848 million Eurus, the registered higher figure from August of
2010, 9 when it reached the 172.090 millions, as they reflect the data of the
entity radio station of the euro zone. The easiness of deposit of the BCE
remunerates the money deposited daily by the banks from the euro zone to 0,75%,
very below 1,50% of the official price of the money, what verifies a growing
distrust among the banks that opt for the biggest security in the central bank
instead of to be lent among them and to obtain a bigger yield. Said part of the
family otherwise you see that the sick person didn't recover.
The Council of
Government of the BCE meets this Thursday to discuss the monetary politics of
the entity and to fix the types of interest of the euro, regarding those that
you preview that its president, Jean Claude Trichet, suggest certain relenting
of the position of the entity, before the relenting of the European economies.
That is to say we move away a treatment that had to be saving in their day, and
he has not made more than to worsen to the patient, that the sick person said
dies.
After a black
August and one September that at the moment doesn't paint better, it is
unavoidable to think about when the end of the collapses will arrive. The
experts, certainly, don't it anything clear and they don't doubt when affirming
that the tendency is bear. The moment, however, he could invite to take light
positions. For if you enter in the inheritance it should be, the foregone
deceased's goods are already distributing.
The sick
person's near relative, Swiss for more signs, he is already taking measures in
the face of their relative's imminent death. The current massive overvaluation
of the Swiss franc represents a sharp threat for the economy of the country and
it bears deflationary" risks, there is he explains the Swiss central bank
that seeks a "substantial and sustained" weakling of the Swiss franc
with this measure, something that at the moment has begun to get. In a collateral
effect, the Swiss debt to two years quotes today in the secondary market, where
the titles of sovereign debt are exchanged once emitted, in negative. This is
that the fear of the investors to lose its money in other investments takes
them to accept a negative yield before to assume bigger risks. In the stock
market, the announcement has had an immediate impact in the parquet of Zürich
that recovers more than 4% after collapsing on Monday 4,04% today.
Among so much
the patient's inoperative doctors, want to insist in new treatments, this way
the French minister of Finances, François Baroin, it has confirmed the
celebration of a meeting of their homologous of the G7 to conform a common
answer before the global economic crisis, increased in the last month by the
fear to the recession and for the tensions in the debt markets. Baroin has
affirmed before the Parliament that France is looking for a "coordinated
answer, but adapted to the economic and budgetary situation of each
country", more or less what means is that they are about to go amputating
infected parts or damaged, to have if the rest of the patient obtains this way
improvement.
The last
intent is to go making analysis of the organs and the sick person's members;
Italy is the axis of the problem of the euro area. The block of the seventeen
can survive a crisis that affects Greece, Portugal, Ireland, or even to Spain.
But, if Italy is victim of an infection, the euro zone it doesn't have enough
political resources neither financiers to go to the rescue of Rome.
Translation: the liver doesn't work the lungs they are flooded, the stomach
this ulcerous one, the heart is in fibrillation. For the love of God allows it
to die in peace.
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