The continuous and apparently unstoppable devaluation of the euro is a
great news for the economies of poor of the UE you those that follow me have
seen it to me to write numerous times, today we read that Great Britain has
overcome to France like the 5ª economic power of the world which it is between
both the difference countries an alone one the euro France it is anchored with
an economy that cannot move because the support of the same one the euro
impedes it to him, France Spain Italy Portugal and let us don't already tell
Greece all they have perished them under the weight of the euro an euro that
has been manipulated until the satiety by the international market of foreign
currencies with the approval of Germany and the BCE.
Very now you will tell me that what I risked is already happening and he
requested and now that, because the things have not changed, certain but it is
fair that they put me in this tessitura, the euro takes more than overvalued 20
years they don't seek that to be devaluated alone 12% from its more algid point
in a space of not more than six months this is noticed indeed, another thing if
this white that one notices politically something is something, France, and
Italy they support the fall, Spain is waiting to see what the Merkel sends him,
and Greece is very possible that finishes them collapsing completely.
Now the affected economies that we are all those of the UE they will take
measures and urgent the problem is that the devaluation of the euro is not as
me he wanted they remember that I requested whenever the BCE manufactures Eurus
in the necessary quantity so that to recompose the monetary mass that the
European economies need and with this measure to make lower the euro remembers
that I have always said that the ideal thing is that the euro follows the
parity of the Dollar it USES, now the euro falls but the monetary mass doesn't
go up this it is not it is necessary to the euro area this and moment still
braked them more because they will adjust its external consumption because they
won't be able to him to pay.
Nevertheless short term it will be effective (it is but it should still
lower more other 10% as minimum) in these circumstances the countries won't
have more remedy than to consume matters and internal products not quoted in
Eurus in Dollars and this way the production goes into little by little bit
reactivated gotten this in some years will be under conditions of competing
with the USA China and Japan to give some examples, another effect of this
would be that they would return some international industries to settle in
Europe because the salaries paid in Eurus would be cheaper than his paid in
Dollars.
But I don't want to deceive me neither to deceive you the current
devaluation it is not it such this is a devaluation without control because it
has not programmed it that is to say the European economy the BCE but rather it
is a dangerous devaluation because one makes in the face of the certainty of
the world that the euro can disappear in few months and the sale of this
foreign currency accelerates everybody he wants to come off of them it more
quickly possible. This is what it is not necessary to admit on the part of the
BCE, if it is sought that the euro area continues and this should make starting
it the purchase of sovereign debt but, manufacturing new Eurus to change, NOT
USING THOSE THAT THERE IS NOW, if he doesn't make this way it, if the mass monetary
European doesn't come out to the market the reactivation he/she won't appear
and what happened is that the euro is appreciated again, because evidently it
will be since a surer foreign currency the debt it will be guaranteed by the
BCE.
If this doesn't understand it we won't have made anything, the situation
will continue worse they have already seen those of the BCE that the inflation
this month has been of -0.2%, this denotes that the economies don't grow, there
is not consumption, there is not investment, clearer statement although the
euro is devaluated europa they don't have Eurus to be able to spend them, it is
necessary to put Eurus in the market it is necessary to create internal
inflation and this alone it is gotten with a cheap and abundant euro, about two
or three years of "hyperinflation" the euro area needs it we should
arrive to 4 inflation% at least during three years, inflation of course with
the euro to a parity dollar euro of 1-1.1; with these measures the European
industries will begin to manufacture as crazy, the salaries will go up giving
the sign of consuming, and the import will stick to alone to the strictly
necessary thing.
This non alone action will be good for europa, but rather it will be a
clear counterattack sign for the economies rivals that now are bleeding us, the
USA will put the scream in the sky, China and Asia they will suffer so much
that we will possibly see again as it will be they easier to manufacture its
products in europa that not that europa the amount, it will also be also they
interesting to buy European products. But this is not the story of the country
of the a thousand marvels, this requires time, this is to plan it stops in
10/15 years, if in this time we are able to give the turn to the atrocity of
imbalances that the erroneous current economy of the europa of the Euro has
caused, we will be able to think that we have saved the UE, but they don't
doubt it, we have left little time of euro and of UE.
No hay comentarios:
Publicar un comentario