GREECE POINTED OUT THE EXIT TO MANY MORE

It removes it is "a fraud". that clear and definitive the economist Leonidas Vatikiotis is shown who it leads a group of experts that bets for an independent audit of the Greek debt, in order to declare which should be paid and which it can be considered "illegitimate" and not to be paid. Although the ruling parties and the dominant opinion among the economists, it is that the process of it removes it of the Greek debt he can help to the country to make more sustainable their debt, every time is bigger the number of its opponents that they realize that they are suffering an incredible manipulation. 

In fact, when the plan - well-known as Participation of the Private sector (PSI) - it was voted in the Parliament, it was only supported by two of the five present parties and still among these there was a scattering of several dozens of deputies. The PSI will mean the retreat of 107.000 million Eurus, had in its majority by private investors through an exchange for holding of depreciated value, something that should benefit to Greece in principle. 

However, Vatikiotis puts as example a simple bill mathematics: the new loan of the European Union (UE) and the International Monetary Fund (IMF) it will suppose 130.000 million Eurus, that that in spite of it removes it of 107.000 millions a balance of 23.000 million additional Eurus that will be added to the current one hurtles I mount of the Greek debt, about 360.000 million Eurus. So the Greek debt you increased to 383.000 million Eurus according to the following position (Debt current +360.000 mills. - 107.000 mills. it removes + 130.000 mill. IMF = 383.000 million Eurus.) 

In synthesis the world help to Greece is a total swindle, in fact what they help is to those worthy to those that them means guarantees its interests, by means of an I deposit untouchable for the Greek government and that he administered the European commission, like he has decided and that alone it will be good to pay interests. The official position is that the objective of it removes it is to make the most sustainable debt reducing it until 120,5% of the GDP in 2020, in front of more than 160%) current, a calculation that Vatikiotis considers "ridiculous" because it is based in that the Greek economy will grow more than 2% starting from 2014 and the State will have surplus it sews that all economist or not, he knows that it is very unlikely. The reputed economist Nouriel Roubini also rejects these calculations because he believes that "the medicine of the troika will kill the patient" and that to the years of recession that Greece lives, they will continue "other five years of depression", he affirmed in a recent conference in Athens. 

"During the years of European rescue we have suffered the biggest increase in debt of the history, passing of 115% of the GDP in 2009 to more than 160% ", Vatikiotis criticizes and it denounces that the debt has become a "ball of snow", because when it cannot be paid it refinances himself contracting new loans. It is said a perfect structure of a swindle of pyramidal type otherwise. 

Another of the problems is that the new funds will be emitted low British jurisdiction. Country that I eat everybody knows, it doesn't belong to the euro group, currency in the one that this indexed the debt. This will allow to the forks of the renovated debt to claim properties of the Greek State in the event of unpaid of the funds, For it, the former socialist minister Luka Katseli voted against the PSI, because it considers that the agreement gives right to the worthy ones to confiscate the reservations of gold of the Central Bank of Greece. 

Then, so that it will serve the process of it removes it? So that with these exchange processes and new loans, become a debt previously hands deprived in one in hands of States and organisms of the UE, what will "hinder" future restructurings that without a doubt are necessary again. After gathering all these information’s and economists' declarations and politicians collections in the press I have stayed of stone, me since this history began, I have always maintained that the solution was to catch the debt Greek that when he said this it was of about 320,000 million Eurus, and the BCE said it absorbs 130.000 millions that it is surprisingly the figure of the bottom of help and he leaves the debt in 120% of the Greek GDP and you finishes the problem.  

But it is not as well as the European Union works, it seems to be that its mission is to swindle and to make business with the miseries of its partners, and although in this case the misery has looked for it to him the own Greece with its false bills to be welcomed to the euro in its moment, this doesn't justify the form of acting of the European Union. The things make this way well Spain and their government in making their own decisions, although then they accuse us of entering in Europe like an elephant in a pottery shop, I fear myself that in little time we will have to think about many countries, I don't eat to enter, but as escaping from sizes swindlers.