That stupidity that it lacks
of common sense, like it can be that the world of the economy and the finances,
seek to take to term some impossible negotiations, and that the other ones
practically stop to wait that it passes what has to happen, without making
anything to go solving what affects us that it is not little, I refer to the
negotiations between the private creditors of the Greek debt and the own Greek
government.
Yesterday and until this
morning the news were that it could have an agreement of it removes on the
Greek debt on the part of those worthy of until 70%, with the help of changing
an old and unpayable debt, for another new one under other conditions and that
it would restore to the old one, the crash was avoided this way, (terrible
word) he was lowered the quantity, and all contentment’s and deceived. Well the
thing has broken, I not eat, somebody will have tossed bills and bill has been given
that Greece neither he can pay the old debt, neither he will be able to pay the
new debt.
This way those that at the
moment the decision is that the best thing is to allow to fall the things, to
have up to where they arrive, recently I have read through an agency news
(Reuters) that the representatives of the private creditors from Greece, they
have left Athens unexpectedly to everything to run without having an agreement
on a plan of debt exchange, vital to avoid a disordered suspension of payments,
they said to Reuters near sources to the negotiations. The conversations will
continue telephonically during the weekend, but it is not very probable that an
agreement is achieved before next week; they added the sources, while Athens
runs against the clock to achieve a treatment.
The IMF and the countries of
the UE, and in particular the leader of the block, Germany, they want to make
sure that the agreement returns to the disordered Greek finances to a
sustainable road, before approving a new rescue for 130.000 million Eurus that
it is also crucial to avoid a disordered default. The IMF insists in that the
agreement should guarantee that the load of debt of Greece is reduced to 120
percent of its GDP for the 2020, from the current 160 percent, just as it was
agreed in a summit of the UE in October.
To my these numbers don't
square me at all, as always I say somebody he doesn't say the truth, we will
see, if one was negotiated it removes of among the 50º 70% of the debt my
numbers tell me that if the debt is of 160% of the national GDP of Greece, it
should be this debt in the supposition of arriving to I finish the it removes,
to some percentages of among 80 to 60% of the Greek GDP, it calculates that it
is always considered the logic of bearable indebtedness, however according to
the news of (Reuters), they calculate a debt after the negotiation of 120% of
the GDP and to arrive to this figure for the 2020, this discount or alone condo
nation means 25%, and if we keep in mind that Greece would be supporting
interests of the order of 4 annual%, it is that of here to 7 years he opened up
paid the condoned quantity amply, since to 4 % annual the interests go up 28%
at the end of the period, with what the business is as that of the Roberto of
the goats that changed two black goats for a white one.
The creditors have noticed
that that objective is complicated because the economic perspectives of Greece
have deteriorated instead of leaving overcoming. "The things are
complicated, we are coming closer to the figures, but it continues there being
work for before", he said a source. "The discussions will stay for
telephone during this weekend, but it is not very probable that an agreement is
achieved before next week, if it ends up having agreement", it
indicated.
I am that I have never seen
that they are negotiated you remove of debts, before a crash or real suspension
of payments, because it cannot be otherwise, to reach an agreement of this type
it is necessary to have the certainty that it won't change anything on the part
of some, and that the business won't continue on the part of the other ones,
unless you arrives to this agreement type, the creditors see this way that it
is better 40% that anything, and they accept, but intervening to the debtor to
see of to overcome the situation and to take out the whole profit that they
can, but this it is not the case until it is it, I explain to myself, here in
the bottom of the situation the security underlies on the part of the creditor
and of the debtor that at the end the euro won't have more remedy than to pay,
and that makes in viable throwing some to lose and the other ones to pay,
because this it is the situation, Greece he has it clear he doesn't plan to pay
anything, he knows that who has the problem it is not Europe them, so already
the solution arrived and if non Greece doesn't have already nothing else that
to lose.
The current situation should
remember the Spartan situation of the 300 that they stopped to the Persian army
in the battle of the Thermopiles, the situation it is similar the Greek
government and its society, today he already knows that he has it all lost one,
and it fights to avoid its total economic colonization because of this it is,
if it gets it stupendous but because good they will have fought as skilled
strategists and warring brave until the death, and after this he played us to
the other ones to continue liberating battle after battle for our survival and
fiscal and financial freedom, until getting the victory or the death, there is
not half term.
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