INSIST NOT ALL THAT GLITTERS THEY ARE CUTTINGS AND ASCENT OF TAXES

It is not of receipt to continue applying measures that they go completely against the solution that is sought, it cannot intersect the whole cloth with oneself pattern, like a good tailor would say, each one has his defects and his measures, therefore it is necessary to be adapted independently to those contours to those widths or those hardships of what they say those that without attribution some, they have taken possession of the political and economic administration of the euro area. 

The problem of Spain returns to my analyses, it is not the sovereign debt that continues being of the lowest in the euro area, our problems they are: the unemployment, the private debt, and the lack of productivity, the first one insists cause some costs of more than 40,000 million annual Eurus, and the second the restlessness and the international distrust, and the third cannot contribute the necessary thing to cover the common and much less expense necessities the costs of the interests and the paying-off of the debts. 

Against but I marry he makes the team of the government from Spain headed by the chancellor Merkel to the measures made "prêt to porter" for all, deeper the wound of the deficit of the budget of Spain will be made, I return to the cold numbers, that it is worth the increase of the IRPF if every time there is less people than they work and that therefore they don't have it nominates to continue on the part of country property, that it serves that on one hand they increase this tax a stocking of 3% if the unemployment will ascend this year 5% to my numbers they tell me clearly that the government collected -2%. 

But it is that much more alarming theories also exist, unless the European economy recovers abruptly (something not very probable), the Spanish economy will never fall to depths views, the perspectives for 2012 are really preoccupants, since to the collapse of the internal demand it will be necessary to add that of the tourism, that of the external demand and a dramatic fiscal contraction, if it is that they love each other to reach the deficit objectives stubbornly with single restrictive measures. With this panorama, the unemployment figure had given for some weeks of 27%, by JP.Morgan for final of 2012 seems, unfortunately, not only possible but quite probable, that which would make that the rent collection falls a (- 5%). 

Frankly I don't know of where the government is taken out the measures that will apply, it is that they have not thought it such and like I come saying, I believe sincerely that they have received some you order imperious on the part of the European central axis, and they have not stopped to discuss anything but, the reality with which they will be goes it is necessary to be disastrous, the state won't collect but with its tax measures because it counteracts them and it deepens them with the restrictive measures that cause but stagnation and recession, in the productive industry, in the services, and in the consumption, the measures applied in the IRPF are also clear that there is but less unemployed nominate of where to subtract the amount of the tax, because we are not dreamer here those that have to pay the 54 or 56% won't pay it they already managed them for not making it, and that they pray that its measure is not to disappear of this country disaster. 

As I have said the improvisation and the carried to an extreme speed in making decisions, they denote that they have not valued the reality of the Spanish economy, because in view of their reality one cannot think neither in braking neither in recording anything. The rosary of bad data is endless: enrollments of trucks in minima from 1985, of automobiles from 1986, the cement consumption in minima from 1967, international flights growing to their smallest rate from 2009, absolute minima in initiate housings since they exist statistical, new total credit falling to 13,6%, new credit to the housing purchase falling to 43,9%, to the consumption 50,9%, PMI of services in minima from 2009, fiscal collection descending 10,5%... 

All this but the own insecurities about the global economy of the euro area, it has revived the punishment against the Spanish debt that already accumulates three days in frank setback with that of today. This way, after getting lost in the outburst of the year the improvement registered by Italy, before the revision to the rise of the deficit and (With the good news of the urgent rescue of the Valencia community always governed by the PP that governs us now), the differential of risk of Spain heads again to the psychological frontier of the 350 basic points. Next to the deterioration of this indicator that is equal to the surcharge demanded to the funds from the Treasure to 10 years in front of the Germans, of reference. 

The other key is being the banking that has crawled to strong losses to the Bag. In Spain the same as it happens to the unemployment (that is not possible to reduce it unless we reduce the demography in a number between 5 or 6 million inhabitants) the national economy cannot sustain, not already to so many banks and boxes of savings, if not that it cannot sustain to two systemic entities as they are the BBVA and the Santander its depreciation it is so brutal that it confirms it, the economic world knows that they are untenable, but because he explains to himself that they have fallen more than 65% in the last 5 years, and any European international bank or not, an OPA have rushed to be made with them, simply because they are unviable they are as some big globes about to explode, positions in unstable balance on some pointed toothpicks. 

The problem of the government's country gentlemen is not in its possibilities to solve it, because they are not able to him neither you want to admit it, Spain is a country of carton stone, unbalanced totally, with false structures, carried out by ambitions of dreamer political, full with dreams of imperial greatness already passed of time, and this doesn't get ready with more cuttings neither with more taxes are a proverb in my earth that translated he says "of where there is not it doesn't leave anything" and this it is the current reality, there is not more than what there is and it is not in fact abundance.  

Reconsider it they think they speak with the European union, expose the things like they are I don't eat you wanted that was, explain to them that we cannot give employment to more than 3 million unemployed that are those that they have more than enough to arrive to the normal thing historical, explain to them that we cannot make in front of the private debt that the banks to become important and big facilitated us in their day, tell them that there is not industry in this country that the little one that there was this working outside of Spain. Who he knows maybe if they explain to it well and they understand it, they really helped us to fix it. There is not anything worse than to want to play the loner and to be made traps to it to deceive to the other ones.