TO WAITIG FUTURE OF SPAIN

The Government's elect president and leader of the PP, Mariano Rajoy, the language a mess has been made insured this Monday the following thing: He/she will be necessary to make a "effort" (alone one) to clean up the balances of the banking and that in Spain there is "necessarily a group smaller than which there are of financial entities that complete their function of giving credit and don't generate neither the most minimum doubt on their situation". this completely intelligible way he/she has sought to announce a new beat of bank coalitions. Montoro to encourage but the topic declared that he/she gives for lost next year and it doesn't clarify the formula of the bad bank that that translated he/she means that NPI. 

This has happened it seems to be, during their intervention in the National Directive Meeting of the PP and before the media, Rajoy has exposed its politics's priorities, in those that it has highlighted a restructuring of the Spanish banking "with the basic objective and capital that there is credit". "If there is credit, there will be investment, consumption and employment", it has indicated. Rajoy has assured that the last decisions of the European Central Bank (BCE) they will suppose a "relief" for the Spanish entities, inmersas in a situation in which you/they have to return "a lot of money" to the investors--more than 100.000 million Eurus in 2012 as he/she remembered--and they confront access problems to the financing, delinquency and little growth, as well as of balances. 

They have explained to him it but it is clear that very well, what is said very well, doesn't know what means we "Spread that to make an effort to clean up the balances, so that any doubt" is not generated, Rajoy has stressed who has pointed out that this it will be one of the big priorities of the first part of the legislature that will start up next week with the taking of possession of the new Executive. That is to say to these heights, what has clearer, it is that it is necessary to make another slope of pants before the banks to clean up them the ass, how many already go in Spain, this politics is not the one that has come making the PSOE. Sr Rajoy in alone Spain is two bad bad banks that are that of the Sr Booty that has stretched but the arm that the sleeve and the BBVA that he/she has made another point although less.  

The last rumors point to that one of the first measures of Rajoy could be the creation of a bad bank, to clean up the battered state of the balances of the Spanish financial sector. But that you say if their future minister of you "give economy" and to "go making" doesn't have the but pajolera devises of what is that, between other things because nobody he/she has made it, I repeat him that it is not necessary that makes it, catch one of the two banks that have mentioned him before, choose to which of them it is wanted to load, because Spain cannot sustain two blinding entities like these, it passes over him the whole mierda of the other one and he/she makes it disappear, to the bank and with him all the toxic and poisoned assets that they are putting an end to the other banking, boxes of savings, and the pensions, the SS, and the education of its country, together that if with the forced unemployment to blow of bricks and that you forged with the law of the government's floor Aznar. 

Now seriously Sr Rajoy, doesn't believe more banks neither good neither bad, catch to the two current systemic banks, and if he/she doesn't want that one of both disappears for crash, join them and they believe the only systemic bank of Spain I repeat that they are not necessary us two neither we can maintain them with our economy. and for the question of the real estate debt, force them to create an institution I publish private, that means with the participation of the state, the central one or the autonomous one, (I say it for the territorial dad of the function) and they believe the Hypothecary Society for the Housing, deposit in her all the dangerous mortgages and the assets of lands and housings rescued the manufacturers, empty, and to finish, (now there is at least construction in some places stops more than 15 years, according to the normal demographic growth), put to work in this society some good agents and specialists in the real estate business I not authenticate of real estate hits. Provide from an appropriate capital to this society, not to the banks, because them indirectly when reducing their risk it will increase them the capital core and to work.  

To begin to eliminate the problem, first it is necessary to redo the value of the received assets and this means to lower them at least and suddenly 15% of the current value, not that of origin (if the technicians that select are good they will know these values), second to put all the useful assets that is to say that they are under conditions of habitability in rent with option to purchase, that is to say that they are used with a value of low rent and that if when they go getting ready the things and the one bows the he/she can buy all the paid rents they passed to be part of the final payment of value of the sale, of course also put for sale direct any housing to which buyer leaves him. Prohibit to the banks to give credits to real estate or manufacturers of housings until they have recovered a demand and it is required to build offer and not the other way around. 

This society doesn't have why to have lost it is not to make a performance without spirit of lucre, that if it can be that he/she doesn't have it the first years, until he/she goes fixing the market and it can begin to make money that will be good to dry initial losses, I guarantee him that without having plugged neither recommended, this is a business, for the banks, for the state, and for the society, I believe that well structured this society could trade on the stock exchange and to offer dividends to the private capital so that it supported the solution.  

Now the most important thing is to put to surrender the assets although it is with rents from 250 Eurus to month, naturally it is necessary to regulate the maintenance of the rented properties very well, including clauses of visual revision of the state of conservation of the same ones for example, by means of obligatory inspections, was not the case that with low rents, one doesn't give value to what is enjoyed and puts an end to the own property. At the end of the road this society could continue as a business model, so much of construction as of services, as of alone mortgages for properties. Good as sketch they already have enough, already leave they can kill two birds of a shot, to discharge from problems to the banks and to create employment and business at the same time.