They cool down
the expectations on the summit of the European Union that takes place today in
some hours, again and it could end up without having concrete figures on the
rescue bottom, neither I agree with the banking Greece it has more than enough
neither I agree to guarantee the debt emission. And all that although Germany
the Bundestag, approves that the amplification of the rescue bottom is
negotiated, said more flatly they approve the theses of Angela Merkel.
Alone there
are two possible interpretations, or it is the own Germany that has other such
hidden plans and like he said yesterday in my article, and he will make again
jump for the airs the current European union for to make it to their pleasure
and way, or they are the financial markets that it doesn't interest them that
the things are normalized, because the future that he comes in this case is
that of the regulations, normative and restrictions of all type, and in these
circumstances its business leaves to the fret.
As it
publishes the agency Bloomberg mentioning to official sources of the UE, the
leaders will "only" agree today a mark for future negotiations with
the banking about the losses of the second rescue of Greece. Notice the form of
editing the news the word it is "only" used giving him a pejorative
sense, as of little importance, of almost failure of a meeting that has not
even been carried out and that in my opinion God willing they remembered the
guidelines of the mark for the definitive negotiations of the peremptory topics
to solve, but they already come it before the result comes out they are already
disqualifying it.
Also, he has
explained that the banking won't be present in today's summit, and the source
maintains that the agreements on the debt of Greece could be delayed "some
more" weeks. And eye, because one has not discarded it removes
"involuntary" of the debt, that is to say, without agreement neither
of quantity neither of participation, although the will of the Euro zone is to
reach an agreement, a disordered default cannot think about it is what fears
everybody. To the view, the disagreement point is not so much the figure of it
removes it, on which seems to have an agreement around 50%, if it doesn't have
more than enough the details of the transaction. The dispute would be centered
it would be willing Europe to assure in the new funds that Greece emits in how
much risk. It follows the attack before knowing if he is solved the problem
another it is already believed.
And besides
this circumstance he puts at stake to the banks like the new ones harmed, they
are no longer victims like up to now, clear if the guarantee bottom is accepted
there is no longer fear for the sovereign debts, it is necessary to change
problem, now care will crack you to costs to cover the losses of you remove
them and the capitalization of these agreements, necessary to calculate how
much capital they will need the financial entities to be protected of the
losses in its wallet of sovereign funds
Therefore, the
Anglo-Saxon financial sources have already taken charge of making wobble several
of the pillars of today's agreement; Greece, the covering of funds and the
amplification of the rescue bottom, it has also aimed that the conclusions
could still be delayed more time, we could arrive until final of November
without concrete data, result. The euro reacts with strong descents to new news
that cools the expectations of the summit, and the European stock markets fall
in less than one hour clear symptom of the distrust.
The conclusion
is preoccupant, certainly it is not any joke, but it is clear that there is
really a complete and hard attack frontal against the European economy, and
sincerely the political situation of our countries much of being the most
appropriate to face this battle, at the moment the armies bigger to tell it
Germany and France they seem this way very armed and in position, but the rest
is to leave running, Italy is a pure theater of marionettes in disordered retreat,
commanded by the farcical in presentable of Berlusconi that is taken out the
feather dusters of under the table so many as they are necessary, while its
deputies are tied to cakes in the patio of armchairs, the other European giant
Spain is without general and swamped in a process of elections for already six
months, and what it lacks still, so say what they say it is not worth for a lot
of help.
And this it is
the situation, the other components of the area euro don't arrive to armies
they are simply dispersed battalions that are hidden before the coordination
lack, so that the affray doesn't cause them too many drops, so today the
meeting of state bosses in Brussels has all the numbers of failing before
beginning and with her the whole European common economy.
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