The edginess grows as
he comes closer the date limit so that the swap of Greek funds that will reduce
in 53,5% the Hellenic debt takes place. A Greek default would not be beneficial
both Spain and Italy neither for the group of the area euro. The International
Institute of Finances has assured in a note to which has had access Reuters
that if Greece enters in default he would make necessary external help so that
Spain and Italy also avoid the crash and it would cause damages in the euro zone
of more than a billion Eurus.
Yesterday, a dozen of
banks that they are part of the International Institute of Finances that
represents to the private sector in the negotiations with Athens on it removes it
of the sovereign debt, he announced today their participation in that
operation. Among the entities that have consented to participate in the program
that one will suppose it removes of until 70% in the value of the funds of the
Greek debt, the French BNP figures Paribas, the German bank Deutsche Bank and
the Dutch ING Bank, among others
This operation
supposes the condonation of some 107.000 millions of Eurus of the 360.000
millions of the Greek debt, and it was a condition so that the second
international financial plan of 130.000 million Eurus is approved to save
Athens of the crash. Nevertheless, the IIF specified in an official statement
disclosed in Washington that "each bank should take its own decision in
this respect". This situation repeats immovable day after day, he already
gives truly disgust the figures they are constant but varied yesterday he read
of it removes it to 53% today to 70% however the total amount is the same
one.
Greek removes it is
"a fraud". In fact, when the plan - well-known as Participation of
the Private sector (PSI) - he was voted in the Parliament, he 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.
To give clarity to
the alone theory it is necessary to put 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 mill. - 107.000 mill.
it removes + 130.000 mill. IMF = 383.000 million Eurus.)
One wonders why point
to remove the shit, and not to put an end to this matter, at the end has
reached the conclusion that the Greek shit is removed, because the area euro is
the ass of the situation, and the ass is already known alone it produces shit,
that clear and concise so that everybody understands it. The (GDP) of the area
euro it experienced in the fourth trimester of 2011 a contraction of tenth three
regarding the three previous months, when you grieve 0,1% it grew, while in
terms inter annuals the economy of the euro zone expanded tenth seven. This
way, the GDP of the area euro in 2011 1,4% grew in the group of 2011, half
point less than in 2010 like leave we go back as the crabs.
The group of the UE,
the economy suffered a setback of (-0.3) in
the fourth trimester regarding the three previous months, when 0,3% had grown,
Among the countries members of the euro zone, Italy, Low Countries, and Belgium
entered in technical recession in the fourth trimester when already chaining
two serial trimesters with setbacks of the economic activity, real problem that
seems not to want to see the euro area and concretely Germany, and that
certainly he doesn't have the blame Greece.
In the case of Italy,
the GDP went back (-0,7) in the fourth
trimester, after falling a (-0,2%) in the
third trimester, while in the case of Belgium the economy lowered a (-0,2%) in the last trimester after falling a (-0,1%) in the third. In turn, the GDP of Low
Countries went back (-0,7) in the fourth
trimester, after being had contracted a (-0,4%)
in the third. On the other hand, Germany (-0,2%),
Spain (-0,3%), Estonia (-0,8%) and Austria (-0,1%)
they lean out to the recession after registering a first negative trimester
awaiting the evolution of their respective economies in the first three months
of 2012.
As Europe it is
appreciated he collapses and it is not rather on the contrary Greece who pushes
it, it is in short the European union and the euro area, the one that pushes
Greece to the unavoidable outcome of the crash and the abandonment of the euro.
But it is that like he said in another article, Greece will open the door to
other exits this is also unavoidable, the reason is very simple, the rescues of
Greece should provide them some partners that cannot pay in many cases neither
to the suppliers of their citizens' services, as for example Spain, which won't
be able to complete neither with the 4.3 neither with the 5.8 of budgetary
deficit this 2012, because the loss of revenues is superior to the one foreseen
to every day that passes.
But it seems that the
ass likes shit and he goes her increasing day by day, without wanting to
realize that its depositions are countries and societies that they should
already say it is already enough, the area euro is unable to be reactivated
while this action represents of entrance, the obligatory reformation of the
German economic feeling, since in these moments France is missing of the
economic scene, because he doesn't know where it will be next month of May, we
are then before an inefficiencies trimester and total decontrol, this is
without a doubt the control to the possible one taking of any intelligent
measure that Europe requires, and that they are not others that to dry all the deficits
and debts, by means of the creation of an unique economy, an unique debt, and
an unique, alone deficit one will be able to this way to value the true
necessities and situation of the euro-economy and to act in consequence for its
restructuring or liquidation, you go that is…
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