The Euro group has abandoned
the conversations with Greece, arguing that the Greek political leaders had
failed when signing the required commitments. But the division is not limited
to the Greek political environment. The differences appear in the breast of the
European Union and they put in risk the rescue, as it highlights 'Financial
Times.'
The British newspaper makes
stress in the growing differences that they go arising in the "group of
work" of the euro area regarding the measures to take with the Hellenic
country. Representatives of some countries consider that Greece should not give
for fact a second rescue. The delay in the I unblock of the 130.000 million
proposed Eurus it accentuates the possibility that Greece incurs definitively
in a default 'disordered' next month, when it confronts debt expirations for
value of 14.500 million Eurus. I don't agree with this version a so much
catastrophist and very to the convenience of the to feel Anglo-Saxon that
interests him a confusion more than notable in the economy of the euro, since
this it is the only way to sustain the Libra and his own.
Also Olli Rehn, with the
support of the European Central Bank and of the French Government, it sustains
that their consequences would be "devastating". But it is that these
trials have the same value that that of the Financial Times, both, character
and institutions fear that the one takes down of Greece of the euro, of in fact
via free to two realities, one that the liberated markets of the uncertainty
breathe once and for all and to compose their activity slept in europa, and two
that Greece solves its problem of social stability perfectly and accommodate
its economy to the rhythm that he should not never leave.
On the contrary, from the
governments of the countries that conserve the 'triple A', especially Germany,
Holland and Finland, they are losing the patience" and they don't discard
to allow Greece to fall, they aim sources from the euro zone to the 'Financial
Times'. These governments argue in favor of their theses that the financial
markets already have practically discounted the crash of the Hellenic country,
for what their consequences would not be so devastating. I believe that it is
this way, in these moments 95% of the economic specialists of the world gives
for fact that you cannot continue burying money in a country whose civil
society, and most politics that will be after the elections of May, doesn't
agree on accepting the situation to which they are forced to accept now.
In this sense the German
minister of Finances declaration, Wolfgang Schäuble of last Monday would be
framed, when he/she underlined that the euro zone is "better prepared than
two years" ago to fight with a default of Greece. This declaration
confuses me a point, because I don't know very well to that the German minister
refers with being "prepared" prepared so that, I ask and to who
refers. To the europa of the euro it didn't affect him economically speaking
for anything the crash of Greece, the losses that the forks of Greek debt will
suffer already have them more than counted, and Greece stops it is the only way
to leave alive of the war, if Greece maintains alive the illusion of making
front someday its debt, never more it will leave the misery, alone he worked to
pay interests it not even ended up redeeming debt.
I imagine that Wolfgang Schäuble
is possible that he wonders, for what will be able to the day to pass after the
exit of Greece of the euro, and there yes that give him the reason to be
concerned, because that that yes it is evident it is that after this almost
confirmed step, the markets pointed like it is natural toward the other
economies that could take the same solution, that is to say Portugal Ireland
Spain and Italy. And it is certain this could happen but friend Schäuble, this
you have to already outline it without delay, and to realize that if the
recipes for these four countries, continue being the same ones that the
employees to save Greece, don't doubt it, they also left the dead economy of
the euro.
And this it is the point to
which wanted to arrive today, the economy of the euro or of the euro area like
want to call himself, although I prefer to denominate it the economy of the
euro you can qualify like a dead economy, or being benevolent an economy in
deep coma. Gentlemen political and economists of the European institutions and
European rulers, the economy is the science and the tool to be used with the
purpose of making prosper the goods, the security, and the social freedom of
the towns, and in the moment that an economy becomes in just the opposite, it
produces crashes, debts, cuttings, unemployment, poverty, industrial
deceleration, and indefensión in front of other economies, this economy one can
say that it is dead, it doesn't fulfill its purpose, it is a failure in our
case he would say that generational.
So it is this the vision that
they should take from the political heart of the europa of the euro, don't lose
the time saving countries, save the euro and their economy and that will make
them to survive alone the countries that share it, have mentioned it numerous
occasions and today I make it again, the euro is for that reason outside of its
real, and alone value it cannot support a parity of 30% above the dollar that
they don't understand it, I don't want to continue accusing Germany of that,
because the euro area is not exclusively Germany although if Germany is
unfortunately the cause of the illness of the euro.
But it is it for blame of the
other ones that they allow to make, because they feel guilty of the situation
and it is not this way, but just the opposite, the situation created by the
excessive value of the euro, it has taken out to all the economies of the euro
outside of the productive competition of the international markets, in such a
way that is practically in viable to begin in Europe an industrial recovery,
investor, real estate, to sum up infrastructures, to maintain consumption, etc.
has put on our standards of level of costs, in an unreachable stadium for 80%
of the own area euro, this is the problem that maintains prostrate and in coma
to the economy of the euro, because the blood that should take the I oxygenate
to the cerebral cells it cannot reach it the road it is too far from the
heart.
The euro should allow to
reactivate the productivity of Europe, and that alone it will get it if it is
located in its competition level in front of the reality, and I understand that
the economic commission of the ECOFIN or to the BCE to who corresponds him,
should devaluate the euro like minimum 20% and to make it with the help of
injecting a lot of but liquidity in the consumption market, so that it is
invested and the industrial fabrics are reconstructed and be lowered the
unemployment, and the mini salaries that is profitable that the big
multinationals think about to return part from their productions to Europe,
because this it is the competition, it is not the fight to see who has it
bigger (I refer to the foreign currency) but who has more employment, but
productivity, but economic, and more future balance. If he doesn't understand
each other this way, Greece will be the first country in abandoning but I
assure them that it won't be the last one
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