SPAIN ALREADY OVERCOME BY GREECE IN ECONOMIC TRUST

Incredible but it is this way, we don't speak of figures but of sensations, or of intuitive feeling you go that is, it is very exasperating this situation that doesn't end up being neither news, because naturally we are not speaking of figures or comparative and concrete data, in fact alone there are gleams of situations that have changed already in Greece, and that against that waited, they begin to travel their distressing past I walk here in Spain. 

The Greek stock market, this already much more in positive that the IBEX of Spain which doesn't lift head and it is in negative, (today in -2% accumulated in so far in year) Fitch yesterday it went up the credit qualification of Greece in six steps, and although they continue being considered their funds like garbage, the certain thing is that he moves to the rise. Greece seems to have finished with the strikes and the wild, fair manifestations when Spain is in it and preparing the final strake of a general strike. 

These comments are to take them like a certain base to continue denouncing that Spain doesn't work, and they are already more than 90 days, we continue without concretion some, government's measures are not known if they continue in foot or he can already give them for obsolete, certainly that of first sacred Friday of Rajoy, that of the announcement of cuttings and ascent of taxes certainly that yes, because it has already been old and scarce. The labor reformation, all recognize that it has been made to make a general strike, because under the conditions of the employment of Spain to apply it is more than two years. The eternal bank reformation doesn't end neither wanting. Simply the government persists in to fake and to hide the realities with those that we are. 

The scenario bank Spanish has a cadaver, and a zombie, both very dangerous ones refer to Bankia and the Santander, the first one is absolutely broken technically, its passive one is so enormous that is impossible that it can maintain it, Bankia picked up I suppose that for government ordinance, all the dirt that had accumulated in saving bank Madrid and the whole string of collateral local saving’s bank, and following the logic of the Spanish governments, all were centralized in a central ball that they waited that to be that the banking of the center of Spain, they would be fixed the problems and they already it.  

The Santander has another serious problem that is its megalomania, rather that of the Mr. Botin, I have already mentioned it in other articles Spain it cannot sustain so many systemic banks, (banks that should be protected of crash by the own government of the nation for its enormity) before the economic disaster, before the current government, already announce that in that time that the two systemic Spaniards the BBVA and the Santander were unviable, the reason is very simple its basic market that is to say Spain, it cannot maintain the capital core of these enormous beasts, if these banks pass the stress test it is because its business is already more or less outside of Spain in 70%, but this is a bubble like it was it the real estate one, if unfortunately one of the countries of so many in those that are, puts on in the worst thing and it nationalizes the banking for example, Spain collapses. 

They wondered because that he has to see what passes in a foreign country so that Spain collapses, because very simple Spain should respond of the viability of the national systemic banks in front of the international markets, so pray that one day of these they don't get up in Brazil, and say that they nationalize the bank Santander from Rio de Janeiro. The BBVA doesn't have so much  des located, this dispersed one and in this aspect it is more than trusting, but think you that today's of its actions value is almost 6 times below those of the Deutsche Bank for example, because you will say, because it is German, if something of that is but it is not that, the Deutsche its capital core it is concentrated in Germany and their external business, are of intermediation and financial business (except in Spain that if he/she has local net) for that reason an action of the German bank, is worth today 38.17 € and that of the Santander 6.20 and already positions to compare that of Bankia 2.96 € when to the stock market it left to 4 €. 

Well with this panorama the Spanish state doesn't give him the desire of giving its arm to twist, and to be located at the level of the economic reality that we have, and I don't please this way with these flagstones that anyone of them can be flattened in any moment, it persists in creating more flagstones. He/she determines to maintain Bankia and it is more, it seeks him to be reunified with other or other entities, for to inject more public funds so that at the end Bankia breaks and behind the Spanish economy.  

To hide but the pest to cadaver that removes the Spanish banking already on the whole, continues working obstinately so that they are carried out allotments of passive among the few societies at the moment viable that converts them in unviable with these measures, with its pretenses of bank reunification what reunifies is debts and the only thing that it gets it is a bigger debt, and not that the debts disappear, because although the debt this unified, the assets continue being the same or less, because the competitions become ferocious to such an extent that is impossible to sustain the famous war of the asset that the banks are come in the obligation from making, offering profit abilities from the 4.5 to 5.5% in deposits unproductive values that the Spanish market cannot support.  

It doesn't propose that of the two big banks one conforms to alone, gathering BBVA and Santander, with that which the spectrum bank Spanish would be in agreement with the natural market since the union of these two, if they would dominate a base of good and accustomed to national capital, it would be an according to monster under conditions that it would be Caixa Bank, and Spain doesn't need bigger banks, with these two and the we call them medium that are well cleaned up the resolved financial topic, and the passive ones would be toxic alone the passive ones, maybe then if they can be distributed among all, but what one cannot make is to distribute passive, war of assets to capture market that is to say clients of one to other, personal, agencies, and general expenses a lot.  

In short today I have wanted to meditate on the conduction and taken bank reconversion that you this announcing day in and day also for months, and as the whole plans of the magic government of the PP none works, all are expectations but any reality, meanwhile Greece goes catching run and soon it advanced us.