The BCE will
judge to beginnings of next year if he needs to take more measures to try to
revive the economy of the area euro, to the president of the entity had said,
Mario Draghi. The Council of Government of the BCE has a unanimous position in
its determination of throwing measures as the purchase of public funds with new
money if it is necessary. This has also said in their normal press conference
after the monthly advice of the BCE announcement that they maintain the cost of
the credit in their minimum record.
The BCE he
notices the objective of expanding their balance - buying active of banks and
others in exchange for money with the hope that he moved to the economy - the
studied quantity it the has calculated in up to 800.000 million Eurus or even 1
trillion Eurus, returning to the levels of beginnings of 2012. With types of
interest practically by zero percent, and said all this the European bags
collapse who he doesn't say the truth, because seemingly the fact of putting in
the consumption channel until a trillion Eurus should be reason of happiness
investor.
Because it is
not I believe this way that the explanation, is in the part that he says that
this capital will be otherwise to cost almost of zero this percent there is not
business. You cannot follow this way Europa he stopped hopelessly if the
politics of the governments of the UE is not imposed to the markets
speculators. It is evident that this measure is already born dead it will
happen as other times this money he stayed in the own BCE because the channels
of commercial distribution that are not others that the commercial banks won't
want to take a risk to take to credit zero money to lend it to the industry and
the society to low costs because they don't trust of assuming the watering that
supposes to give cheap credo to a society that every time is more
weakened.
As a bank he
goes to lend money to an autonomous one Spanish that it is autonomous because
he has stayed in unemployment but that they don't have any economic solidity
that minimally guarantees to the bank the refund of the credits this is this
way. And one can see that this situation is this way when followed act Draghi
announces the new forecasts of the technicians of the BCE that reduce the
panorama of growth of the area euro strongly for next year to 1 percent from
1,6 percent advanced in September you imagine what is saying this reducing the
expectations of activity of production trade almost halfway that foreseen 37.5%
exactly.
It is so much
the stop of the economy of the UE that also estimate an inflation of only 0,7
percent in 2015, a reduction from the projection of September of 1,1 percent
and quite inferior to the goal of the BCE, of a near rhythm but under 2
percent. That is to say the BCE is telling us that the euro area doesn't work
thing that I have come saying already for months me without being anybody. The
growing concerns about the economy of the area euro were put of relief by the
vice-president of the American Federal Reservation, Stanley Fischer who said
that the impression of money would help Europe just as she made it in United
States but it is not this way between other things because the euro area it is
not a state but (with pardon) a house of prostitutes.
Draghi
confronts considerable political obstacles to take more measures, mainly of a
reticent Germany, last week, Sabine Lautenschlaeger, designated by Germany like
its representative in the executive meeting of the BCE, and said that now it
was not the moment for the purchases of government funds. However other main
central banks, as the own Fed, the Bank of Japan and the Bank of England, they
have already appealed to this measure to stimulate their economies.
Germany, the
biggest economy in the block and the most influential, fear that this
encourages a rash indebtedness and the inflation in the future. But it is not
this the main problem, the true problem is that the area euro needs growth and
employment to guarantee its survival, and this is clear, it would start a
competition of all type, industrial, commercial and of productivity that could
make lose Germany its preponderance about all the European economies that
previously has ruined.
The action of
Germany this stopping the area euro, the inflation of the area euro you to be
tickingover to only 0,3 percent last month. If the prices begin to fall I eat
it is already happening in many countries, the consumers retarded more their
purchases to wait more slopes, creating a vicious circle that ballasts to the
economy. This has already been studied because it is what I pass in Japan and
this hard 20 years, it is the plan of Germany for the area euro.
It is for all
this that I think that there are not exits to the social and financial economy
neither in Spain neither in the euro area and I want to take advantage to say
to the Spaniards that seen what is happening, the best exit for the Spanish
society, it is with determination that it governs “PODEMOS”. Because according
to my analysis of this politic party, to the one that they remember I have
qualified as “neo communist" it
is the only exit that has Spain to be unhooked of an UE and a euro that take it
to the misery. Because here it is not that the society should contain its
expense like in other European economies, here the society soon won't have with
which to eat, my with which neither where to live neither to work.
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