UNION EUROPE, EVERY WORSE TIME AND MORE DISORIENTED

The accumulation of unconnected actions, is worse than the initiative absence, these last week’s they crowd together solutions everywhere, the troika approves the I unblock of the 8.000 millions for Greece, but nobody says when they will give, Slovenia doesn't approve later the financing bottom, but hours she says that yes that have already knocked down the government and already voucher, Mr. Barroso it presents a plan for recapitalized the banks in which doesn't sum up anything because it is clear that it is not its initiative, if not of France that like he has to make the ball to Germany that goes in another address, he gives the idea to Mr. Barroso so that it throws it for that reason neither he knows how to develop it, neither to outline it, because Germany and I are really right, this is an absurd atrocity. Does the Euro camera request a route leaf to secure the euro once and for all; does one think they request it to him to whom? They should not be them those that outlined it, or that they make all seated ones there. In short a mess of thousand you give birth to of balls, sad and disoriented. 

Of all the things that I have heard and read alone there is one that has their reason and that already a while ago that when I have occasion I repeat it, it is necessary to finish in a logical way with the European debt, this it is the wrong that it poisons everything the rest, and apparently it finishes it posture it is to request one it removes of the same one, to force the investors to accept losses in the funds of the area euro. Any specific reference is not made about the losses to propose, on the Hellenic funds postures of 21% are contemplated, such and I eat in its second rescue plan July 21, until 30% and even 50% that shuffle from the area euro. Another time it is tried to load the blames to who doesn't have them and I doubt this way that you reaches any reasonable agreement. The own BCE denounces it one it removes in the European debt it could damage the Euro. 

The situation is very clear, those responsible for the problem are the politicians that from the different governments, they have not known how to administer neither to contemplate the disaster that they were creating, it is also it in great way the BCE that blinded by the inflation neither it has controlled neither had noticed, neither possibly neither he has realized what happened, I suppose that all were convinced that as the crisis it had begun it the banking of the USA, when the fixes them, everything would return to the normality, and that has not been this way among other things, because we are not in the same parameters of the problem, there the thing was a swindle with all those of the law, and here it is a permanent total inability of governing the national economies, and to establish the fiscal politics able to sustain an only foreign currency the Euro. 

USA. They concluded quick with their problem, here in Europe however have made it systemic, and we cannot leave because we are I eat at the beginning, totally divided and each one tries to be solved their problem and to avoid that they hang him the sign of guilty, alone there is a solution to the topic and it is not another to make practically just the opposite of what they seek and the judicious ones plead political and European economists. It is necessary to count and to absorb the debt on the whole, because I believe that neither the quantity is known that it is and therefore it is not summed up neither it removes it neither anything of anything.  

Catching loose data ventures to possibly tell a figure the whole debt outside of control, be of about 900,000 million Eurus, the PIB of the area euro is in data 2010 of 3,9 trillion Eurus, that which means that the debt is 23% of our GDP, frankly or they take us the hair or there is not it stops so much. To assume this debt by means of the BCE buying it in the market, I don't find anything extraordinary and as a lot, this situation could put in the tessitura of having to devaluate the Euro, it would already be seen as and as much as, because the effect in the very good serious markets, the triple AAA of France, for example he would stop to be in danger its banks since they would be clean, and this way all the economies of the area for what would be to see if there would be or non consequences for the unique currency. 

That yes, it would be question of not stopping here, to continue with the cuttings and the plans of European fiscal unification, to remodel the functions of the BCE, transforming it into something more similar to the FED than it marks the economy of the area euro, not alone the inflation that he adds or restrict the flows of money in the markets that it marks in definitive the economic politics of the group of the euro area, and if the manager or president of the institution has to be an element more than the advice of government of the since union that that is involved and this to the current of the plans, of the problems, of the economies national etc., and not isolated in his coffer of the treasure.