Not yet you has begun
to negotiate the principle of the possible end of the political-economic
disorder that these last months, and the Merkel is enslaving us she already
wants tie it again, and the worst thing of everything is that she takes two very
dangerous roads that can take to the I discourage and to the definitive
abandonment of the Union, on the part of the countries that at the moment they
form it and they are fighting to stay and to maintain it united. Merkel on
behalf of Germany looks for the division of the community Europe again, he
speaks in the two speeds like way, but in fact what Merkel looks for is an
europa that is Germany and the 26 midgets, and frankly neither Merkel neither
Germany are Snow White.
One president, one vote.
That has been the voting system applied in the European Central Bank (BCE)
since January 1 1999 assumed the responsibility of fixing the types of interest
for the whole area euro. But the successful model seems to have her counted
days, Germany refuses to continue being treated as a more ones, and he prepares
the assault to try to be guaranteed the control of the BCE. Berlin wants a new
voting system that reflects the economic dimension of each country or, at
least, its participation in the capital of the BCE.
The position that
Merkel seeks, will be studied in the next summit of the UE, (December 9) inside
the reformation of the Treaty that Berlin, wants to disguise him with the
excuse of shielding the fiscal discipline of the area euro, and to deepen the
economic and fiscal integration of the club. (Wrong goes when she no longer
refers to the Union). It seems that the proposal would go very on-line with the
German belief, that Europe is them, and now they don't feel this way it and
they want to impose this reason, so they will seek to change the democratic
maxim, of a person and I bounce, in this case a national central bank a
vote.
Merkel seeks to take
out party of the position of economic force of Germany, to govern the European,
first Union economically through dominating the BCE and its proposals would go
guided to distribute votes, according to the economic power of each country
member of the Union. This way to the president of the Bundesbank (Bank of
Germany) it would correspond him a quota of power and of equivalent votes to
26.22% that is the weight of the German GDP in the group of the GDP of the area
euro. The president of the Bank of France would keep 19,71% for the same
reason; the governor of the Bank of Italy, with 16,26%; and that of the Bank of
Spain, with 13.44%; the question is visible among the four big countries they
would add 75.66%
The new allotment of
power, would allow Berlin to maneuver with more easiness to avoid the approval
of decisions contrary to its interests, like it can be the monetary politics’
relaxation in these moments, or the acquisition of public debt in the secondary
market, to alleviate the pressure of the market on countries like Spain, Italy,
Ireland or Portugal. It is gleaned but evident, it is gleaned because in any
case Germany has for if alone any absolute majority, but it is evident that it
would be the very easy to obtain it, because with the single adhesion of France
they would add rounding 45% of the votes, that which already guarantees them a
simple majority that with all security before any regulation proposal or
approval of economic or financial actions in the Union would give them the
application power or disapproval.
That program of
purchase of funds, in spite of their shyness, it has in fact filled the
patience of the German hawks. Germany observes with growing concern to an
institution that, from the beginning of the crisis, he has begun to catch
something of flight and to get rid of the heavy inheritance of the Bundesbank.
And Berlin prepares the assault for re conducer to the disobedient institution.
But they don't explain him because of this concern, but I explain to him it
right now: to Germany and their hawks they worry about that the independence of
the BCE, will create the balance of the costs of the sovereign debts one way or
another, well for the emission of European funds, or for the purchase of funds
of the countries not so rich in the secondary market.
This takes place
inevitably that if the differentials of debts shorten, Germany could not
continue being financed to cost practically zero I eat up to now, because the
buyers of funds would prefer to invest in funds that with the same guarantee
that German to the European being, pays them but you interest (they plunder it)
they are very clever the Germans, and they are believed that the other ones are
very silly, now the German voucher almost cobra instead of paying, while one
Italian pays a 6 or 7%, if me investor you that a bottom that guarantees me
exists that Europe paid it to me that they believe that I will make, because to
buy funds of Italy that surrender me but. Now I don't make it for the distrust
of the country.
In fact this example
is simply illustrative of what goes by the square head of the Germans, not of
what would happen, if the BCE and the Area Euro regulate the European debt once
and for all, be with guarantees of a bottom or for the emission of European
funds, the result would be that the different funds would reduce its interest
in some terms that I calculate they would oscillate between the 2 and 3.5% with
what Germany should begin to pay more for its debt, and he doesn't like this
anything and they know because, because if we look at the qualification for the
debts and its incidence on the GDP of the area euro, the same as we have made
with the national GDP, we see that Germany has 16% of the European debt; France
12% Italy 19%; and Spain represents 10% so here the things they are rotated and
the great Germany is the one that but debt would contribute to the group of the
GDP of the Euro Area.
The idea causes
chills in Brussels, where it is feared that the German offensive opens a fight
for the power in one of the few European institutions whose prestige, although
not intact, at least it has not been razed by the crisis. "If the euro has
survived in the last 18 months it has been thanks to the BCE and its
federal" structure, they recognize in the Council of the UE. "If that
is changed, the whole intrigue" can fall, they add the same sources. I
don't say that it should not be changed the norms and the functionalities of
the BCE, but what cannot be made, is as coarsely as he seeks to make Germany,
the BCE is the stone filosofal of the European Union if we break it or we
hinder it we break the Union
And as last point I
want to refer to the temptation of proposing an europa to two speeds, this is a
stupidity, or it is spoken openly of an Euro reduced Area without the outlying
nations: Italy, Spain, Portugal, Greece, and Ireland that would pass to be part
of the European Union next to Great Britain and all the other ones without
euro, or it is not necessary to play anything because the two speeds are
already implanted from the same beginning in that you born, look if you don't
calculate them that I expose them next:
The central and rich
Europe that of first speed is:
184.000,000
inhabitants with a total GDP of 6.289.730 million Eurus
The poor Europe and
that he/she goes to slower speed we are:
129.443,000 inhabitants
with a total GDP of 3.757.715 million Eurus
They already come it
you the poor, we are as soon as inhabitants 40% and in GDP 37,5%, they are more
and improve they are 60% of inhabitants and 62,5% of the GDP. And with
reference to the GDP for inhabitant that of the rapids is of 34,183 Eurus, and
ours that of those the second speed is of 29,130 Eurus, here we are 15 % poorer,
this is not anything. Seen this way in numbers you leave the difference, we are
clearly poorer and we already go behind, no matter how much we run we don't
reach their speed.
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