Frankly not you to that it is playing among the poker
player of the western economy regarding the viability of the same one and
especially of the European economy, among the action of the "three
examining corsairs" whose attacks without pity don't cease week to week,
and the advice and warnings rushed by the monetary entities and economists of
world size, he has been formed an enormous Gordian knot that nobody will be
able to undo, see if I make a mistake.
United States and the International Monetary Fund have
noticed this Friday to the UE that it doesn't succumb to the indulgence, and it
has exhorted the European leaders to that they strengthen their defenses before
the economic and financial crisis that whips to the Old Continent. But to say
this and anything is the same thing, because the IMF looks for money for the
bottom of European rescue that nobody puts, neither it is known if they don't
put it because there is not rescue possibility, or it is that one doesn't want
that the European union is rescued.
In the session of this Friday of the Economic Forum of
Davos, the secretary of the American Treasure, Timothy Geithner, it has also
urged to the euro area, to reinforce the rescue bottom it stops this way to
protect Italy and Spain, of the threat that they suppose the sways of the
markets. Another advice in the same address and with the same and absurd
foundations, they have it very easy, the treasure of the USA gives some
thousands of millions to the IMF that also says the same thing, and this he
gives them to him the BCE that puts them in the bottom, like I say less
diagnostic and but facts.
On the other hand, the general directress of the IMF,
Christine Lagarde, it has urged Greece and the private forks of their debt to
that they reach an agreement this weekend for the exchange of the debt that
supposes the decrease of the same one. The crisis in the area euro is the
primordial matter that is approaching during these days in the Swiss town and,
with special concern, on Greece that, in the multimillionaire's words and
investor George Soros, is "the country with worse perspectives". If
gentlemen all we have it clear in Europe, less the Greeks believe me,
The only road toward the success for Europe is to
remain together, to build a monetary union that works and, therefore, to
conform a stronger fire wall, Geithner has ruled, in syntony with that
manifested by Lagarde, the previous day. To collation of the words of Geithner,
the French minister of finances, it has coincided with their American
homologous when adding that "the stronger it is the fire walls, in less
occasions he will have to be used". In this line, the minister of Economy
of Spain, Luis de Guindos, he has emphasized that the fire walls "have to
be the sufficiently big and flexible thing for not having to appeal
him."
It is one theory he goes on pilgrimage this, let us
see, a global economy has a series of debts that added they give fear and
separate they give terror, and the coincident solutions of the specialists it
is that one believes an enormous fire walls, against but big better, guaranteed
by the same economies that don't have an euro, because they are determined
until the brows, with the philosophy that the more big it is the fire walls
less it will be necessary to use it, frankly I don't get it to understand. To
see if I give an example I owe my friend 1000 Eurus that I cannot pay, and this
friend asks me not to worry that it puts 2000 Eurus that I don't have, in a
guarantee, so that the one knows that it can charge them if it passes something
and I list, this way the it is calm and I don't have because to use this fire
walls, I don't see it clear, if my notions of mathematics don't fail me, I
don't know how to make that if I don't have thousand, it can put two
thousand.
On the other hand, Wolfgang Schaeuble, it has been
shown less optimistic and much more realistic, this it is of those that it has
the same mathematical system that me, and it has assured that there are not
fire walls some that can compensate the crash of countries with problems of
liquidity, when to control the level of their debts and to increase the
competitiveness of the euro zone. It won't work", if the real problems are
not resolved, exact if I don't pay my debt to my first friend who will leave me
but for a bottom fire walls.
In this same line the president of the European
Central Bank, Mario Draghi has been pronounced that doesn't consider that
injection of liquidity attacked by the BCE through the massive purchase of
funds, in particular of Italy and Spain, have arrived at the business and the
European homes. That which is indicative that the efforts to solve the debts
and the reactivation of the europa of the euro, stay in the pockets of the
creditors or possessors of the debt of the different European states, and that
to the final destination, it continues without arriving gasoline to pull up the
motor, that this way what we are making is to burn ammunition foolishly, and
the worst thing is that the euro every time but reassessed, certainly it is for
note the situation so absurd that we are fomenting.
The truth is that nobody knows that it is necessary to
make, I believe that the first thing that he would be necessary to make is to
stop to give advice and to give money, if the western financial market is
worried by what would mean the fall of the empire of the euro, he has to act
with determination or it supports him creating jointly with the own euro area,
this bottom of security or he throws to the euro down until he reacts the BCE
and Germany, and the euro voucher is believed, that is to say the unification
of a single European debt guaranteed by the BCE, and locating the euro in its
true value that would not be another that the resultant of relating it to the
unified GDP of the countries of the area euro, the problem of applying this
solution, resides in the countable damage that this would represent for Germany
whose credit qualification would go down to general levels of the euro area
that would not miss me serious an equivalent one to AA -.
Leave you already of advice of recommendations and of
threats even, like one says popularly "Not for a lot to get up early dawns
earlier" because that, "not for a lot to request and to advise the
solutions" appears there is not solution, the debt it is there more and
more big, and the debtors are here every time but stopped, ruined, and
desperate, because this doesn't work neither to shots.
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