THE BCE NOW BEGINS TO REALIZE THAT ALONE IT IS AN MONEYBOX OF GERMANY

- Germany can use part of its budgetary capacity to support the investment and to reduce taxes while they maintain its solid fiscal position -. That clear Benoît Coueré is shown, member of the advice of Government of the European Central Bank (BCE) in an opinion article that the own BCE has reproduced. The article, written with the German Jörg Asmussen, former member of the BCE and Secretary of State of Work in Angela's current government Merkel, assures that Germany would be able this way to confront some of its own economic challenges better. 

Couré and Asmussen maintain that a strategy should be created based on three pillars to revive the battered economy of the Euro zone. They recognize that the problem is complex and that any institution neither country will be able to, for if alone, to put an end to the first floor growth, the deflation problems and the great unemployment and debt of most of the countries of the euro. These three pillars for Europa are according to the article: In the first place the monetary politics, with the BCE acting, like it showed the last meeting (And it is prepared to take more measures if it is necessary), they remember. 

The second pillar is the district attorney. Here it is where the recommendations enter to Germany, also with a blink to the punished countries, for those that it recommends bigger flexibility. That yes, neither they give via free, since they remark that those without maneuver margin should not undo the progresses made in fiscal matter, for what they insist on requesting a cutting of the unproductive expense and a slope of taxes that distort the growth. 

Lastly, they defend that accommodating fiscal and monetary politicians cannot compensate the necessity of more reformations for the side of the offer. This would be the third pillar of the reactivation. For they urge it to carry out more reformations to improve the productivity, since as soon as possible they are implemented, before there will be margin of fiscal maneuver and before one will be able to guarantee the European social pattern. 

In this point, they go directly to France, to which request more to improve the employment and to reactivate the managerial investment, for what they suggest to reduce the entrance barriers in protected sectors and the elimination of obstacles for the development of the small companies. At European level, they recommend that the investment plans that it has proposed the European Commission are centered in those countries that have smaller margin. 

And already this they are so satisfied the conclusions that take out are impossible to complete because all the economic and industrial power of the euro area is in Germany and not in any other country of the euro we see the first pillar - the monetary politics - it is not in hands of Bundesbank of the BCE that don't deceive us all Mr. Mario Draghi proposes it must consult it first with Germany and according to that once proposed and announced it is changed because it can be too dangerous for the competition to the German economy. 

The second to pound is already of scandal the BCE he cannot make anything regarding the fiscal politics Germany it marks the deficits strangling to all the other countries with the only end of having the financial power and with that of the competitiveness of the euro area in their hand. Germany knows that is drowning to all the other countries the doubt that I have in this respect it is if he makes it like defensive weapon or of attack, maybe little it cares because at the end the result will be that is to say the same, one the unconditional rendition of the economies and the societies of all the members of the UE, like example Spain whose government doesn't take any fiscal neither economic initiative that doesn't order it to him Germany in spite of seeing that it is taking to the desperation and the poverty to the Spanish society. 

The third and last impossible lucubration is to defend that the accommodating fiscal and monetary politicians cannot compensate the necessity of more reformations for the side of the offer, like half of reactivation of the economy, this is already to laugh at the other ones that you reform they will make the countries ruined by their debts and their deficits the countries of the euro area they cannot make nothing else that to tolerate what they can with the miserable taxes that can pick up of their less and less companies and workers to continue paying interests to the banks and in this tessitura there is not possible reactivation because they cannot pay it the alone reactivation it is gotten with productive investments that restructure the national economic scales and this Germany already takes charge of impeding it. 

There is not left by any side if Germany doesn't break the moneybox the only solution of the UE it is that the BCE, it is made with the excess of the European debt the BCE and Germany they should understand that this short term situation collapsed to the own German economy, unless I eat I have already insinuated in my articles Germany it is rotated toward the East where there he has an entire new world that to supply of technology products and of Eurus, unfortunately the West has already eaten him everything and alone he has left the bones.