Europe will give a turn that he goes her he is
necessary to make but practice and governable, I believe that my interpretation
in advance of the final results of the childbirth of the new version of the
European Union that it has begun today, with the scenery to that Merkel and
Sarkozy have us accustomed, it hides among the lines of the agreement (that
they don't have us sleepless for logic and political sense) but I govern that
economy.
The French president, Nicolas Sarkozy, and the
German chancellor, Angela Merkel, they have simply ratified today that there is
a clear agreement among the big of the europa of the euro, the decisions that show
as in the meetings that the 27 took place next Friday accepted is already and
the one in route to continuing is not so much in the economic environment but
in the political environment and of government of the euro area on one hand,
freedom without coercions of the BCE for other, proposed accepted for a bigger
control of the national budgets of the area euro, among those that changes are
included in the treaty, and the most important thing taking of decisions to you
begin of qualified majorities, you finishes playing to blackmail to your family
to take out profit for you.
- We want to be sure the imbalances that took to
the situation in the area euro not to happen again. Our preference is a treaty
among the 27 (members of the UE), so nobody is excluded, but we are open to a
treaty among the 17 (members of the euro), open to any state that he wants to
be added us -. The French president said in press conference after the
bilateral conversations in Paris, that is to say the economic situation is the
one that is and we won't become lunatics trying to fix the situation in one day
but that that yes it seems that they have clearing it is that it should not
happen another time.
Sarkozy also said that the German frank agreement
that will be presented to the president of the European Council, Herman goes
Rompuy, it would pick up automatic sanctions in case it breaks the deficit norm
below 3 percent of the GDP in 2013 and a norm of gold so that the budgets of
the 17 countries of the area euro assure that their own national budgets go
guided toward the balance. The German chancellor added that one needs a control
of debts that is vinculate and that you can verify on the part of the European
Tribunal of Justice.
These agreements show well to the white that the
unit of the new europa marked it absolutely the Euro, like a stable and strong
foreign currency that reflected the political stability and consequently also
of the economy of the euro-europa Angela Merkel and Nicolas Sarkozy proposes a
"new treaty" that they could sign 27 or European 17 States, those
that are willing to accept oneself common budgetary "rule of gold"
that "impedes" future crisis of the euro, among other propositions
that the experts will continue elaborating until the European next summit of
next Friday.
The solution that is presented before the
financial markets by means of the new treaty is and it will be security of
payment of the debts sovereign, more Euro, and a much less rigid, more agile
and more governable European union. In him it will be included that the members
of the UE that don't respect the threshold of 3 percent of the budgetary
deficit will be sanctioned automatically". Merkel wanted a sanction of the
European Tribunal of Justice. Sarkozy has gotten that the
"automatism" is in its juridical aspect in flunk. The national sovereignty
will be respected.
The projected European Mechanism of stability
will go into effect the 2012, one year before that foreseen. The practical
operation of the one “MEE” it is still subject to long debates. The bosses of
State or government of the countries that accept the new treaty will commit to
celebrate a monthly meeting, to favor the economic growth of the area euro. It
is not finally spoken alone of cuttings and sacrifices but of combined growth
with the assumption of measures to foment it on the part of the Euro Europe.
Lastly, to backslide in the independence of the BCE that will be respected what
the BCE means always acted as true Central Bank with its own financial economic
measures to confront the reactivation and the financial control of the area
euro.
Of the whole philosophy that we have been
announced that that more I like it is that the Europe of the two speeds is
defined once and for all, and mainly he clears up that we are not in two speeds
but in two clear and concise economies, or you are part of the group of the
Euro Europe or not, in the first supposition you will have to assume some
requirements of economic character that it allows that the country that
consents is not neither a hindrance for the combined euro neither that its
economy is destroyed by not being able to arrive at the levels of commitment
that I understand among lines the new treaty it granted to the euro group and
that we won't know until it is presented in its entirety said treaty next
Friday, or in the weekend
And that that less I like it of that seen and
heard, it is that Germany didn't like this resolution at all, the truth is that
he gives me the sensation that the German right wanted more, much more, but I
suppose that making numbers in the food, to the chancellor will have presented
him some results where she will have seen clearly that at the moment 66% of the
euro area is outside of the influence of Germany, for what will have had to
arrive to that that this morning I asked to find the half point where you can
locate the politics of the Euro Europe.
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