THE DEVALUATION OF THE EURO WILL HELP THE REACTIVACION OF THE INDUSTRIAL EUROPE

This is the reality you my followers know that I have always complained and I continue protesting of because the euro area still allows an euro today more valued when its economy doesn't justify it at all. The value of the foreign currencies goes in consonance with the economy that sustains it and it is absurd to think economically today of day that the euro area is more potent and surer that the USA, for this reason always says that it is an aberration that the euro this much more valued one that the dollar. Today a euro is worth 1.20 dollars that is to say the Euro, the economy of the Euro Area, is economically twenty more potent and richer percent that the USA…. and a horn. 

Said this the reality is imposing, but not the intelligence, is not the euro area the one that devaluates the euro in a strategic play, they are the markets that begin to realize the atrocity that the UE is making when sustaining for years this error, and that the UE will pay expensive, because during this time so long its obstinacy in maintaining with a poor economy, a rich foreign currency, it has unbalanced the own productive economy of the whole UE. 

Now he tries to rectify and of entrance it is good at least I hope it began to brake the economic imbalance between the north and the south of the UE but they are not deceived this at the moment it will be hard because of entrance it harmed to the two parts but I repeat it is necessary to make it. Because it harmed this action when everybody political and economic he/she says the opposite, because very simple because the politicians and the economists and the markets come it long term and the markets what /they lose on one hand they recover it for the other one but this won't be this way to many countries. 

We go to the examples in Germany and to the rich Europe it affected them in their exports, because it can happen that although they ascend lightly they cannot compensate the total amount of the devaluation of the euro. Because I say that the German exports will ascend little, because those of the European poor countries will ascend very much, since they leave of some products and much cheaper costs that them, and if to this we add him the devaluation of the euro this here, in this segment of simple and cheap articles, where the export, this effect will increase he/she will also help to that they recover companies that have collapsed during these last eight years and even others have disappeared. 

It is also necessary to consider that the import prices will ascend when paying with a devaluated foreign currency but this effect also harmed the rich producers because their import necessities are of more sophisticated and more expensive matters that the necessary ones for the industries and productions of the poor countries. As they come in my opinion the devaluation of the euro it is very necessary and it should still be more marked because this would even the European because not alone production he/she will make go up the export in the south but rather those producing of the north think of being given of the cheap suppliers of the south again, instead of caring, because the imports will be but expensive. 

Another thing as always passed with Spain here everything he/she always goes bad the vision strategic politics and economics of our politicians and managers it is a reflection of what happens to us that is to say a disaster Spain in these last years there is you you are industrialized in a total way of that he/she gives faith those near six real million unemployed, the Spanish companies the important ones and the capital that it sustains them all have left they have not believed or it has not interested them to defend the production of its own country and they have been devoted to pick up the little money of the Spaniards by means of the rates and prices of their services, charged more and more expensive supported by the government's action and to invest it outside of fantastic Spain because above the government sells it to us as a great victory of the company and the Spanish economy. 

Single east finishes year, the Spanish companies have invested 38.000 million in purchases in the exterior. The internationalization of the Spanish companies crystallized in 2014 in an aggressive politics of acquisitions in the exterior that has shot the global investment until near 38.000 million Eurus. This figure, reveals a scandalous escape of Spanish capital that is necessary us here a lot of in our country to create work positions but the worse first floor my point of view it is that he/she also reveals a total lack of trust on the part of our big capitals in the positive evolution of Spain that is to say a true disaster. 

The necessity to reinforce the international business, to reduce the dependence of the Spanish market and to take advantage of the opportunities in markets in development, the attractive prices and the improvement of the financing conditions has impelled the politics of acquisitions. Latin America and especially Brazil and Chile, they have been the main destination of the investments, but they have also closed outstanding operations in mature markets as North America and Europe, for volume, the biggest operation in 2014 was the acquisition of the Canadian Talisman Energy on the part of Repsol that ascended, including debt, to 10.400 million Eurus, what transforms it into the second bigger purchase of its history, after that of YPF that later on the Argentinean Government condemned him in the year 2012 we will see how much hard in Canada. 

Telefónica was also very aggressive in its international expansion and it paid near 12.500 million Eurus to be made with the Brazilian operator GVT and with And-bonus, German branch of KPN. The objective of the group presided over by Caesar Alierta is to grow in Brazil, country that is on the edge of an explosion of its total bubble because that is Brazil a bubble of dimensions and incalculable width and it is that today is its second bought by gross result of exploitation (ebitda), they imagine that it happened when this bubble explodes.  

In energy, it is necessary to point out the purchase for 2.600 millions of the Chilean CGE on the part of Natural Gas (their biggest operation in the exterior) and the acquisition of Coastal Energy on the part of Cepsa that overcame the 1.500 millions. Also, Cepsa that is controlled by the sovereign bottom IPIC, of Abu Dabi, he/she has taken 20% of a branch of the Japanese Cosmo in the mentioned emirate. Endesa, through its old filial Enersis, carried out paths purchases in Peru and Brazil for about 500 millions, months before closing the sale from all its Latin American assets to the main Enel for 8.250 millions. 

In the bank business, Santander and BBVA they were shown very active in the exterior. The entity presided over by Patricia Booty, besides enlarging the control of its Brazilian branch, acquired the division of Capital GE Bank in Sweden for 700 millions and he/she bought active in Canada, while BBVA was reinforced in the Turkish bank Garanti in an operation of 2.000 millions. 

Grifols and registered Amadeus of the sectors pharmacist and tourist they have propitiated important operations. The laboratory Grifols acquired a branch of the Swiss Novartis and Almirall it was made with the American Aqua. On the other hand, Amadeus bought Newmarket and the German (i:Fao) for more than 400 millions. 

They already come it, now the devaluation of the euro welcome comes it is but as always Spain will be with the changed step because we don't have anything to export and a lot that to care so at the moment devaluation will go us in against, we will sell the little we make cheaper and we will buy those a lot that we care but expensive we are ESPECIAL ONE.