THE BCE BUYS DEBT BECAUSE THE STATES AND THE PRIVATE ONES IN THE UE DON'T PAY IT

Let us don't deceive ourselves more it is certain that the on QE in march for the BCE in the euro zona is a good economic measure, but the problem was not solved alone with the QE if he doesn't leave to the bottom of the problem and I that it is not in the spirit of the countries find this neither of the economies of the euro area. The European Central Bank (BCE) it has invested 41.016 million Eurus in public debt since throws the last phase of their program of quantitative expansion the past March 9, what supposes that in the last week he/she bought sovereign funds for amount of 14.716 million Eurus. 

In the third week of operation of their Program of Purchases of the Public sector (PSPP), the BCE reduced 11% the rhythm of its acquisitions with regard to the 16.549 million invested in the seven previous days. This way, in the last seven days counted by the BCE whose registrations only reflect the purchases carried out until Wednesday of every week, the daily rhythm of purchases of public debt would have you relented to 2.943 million the last week from the 3.310 million of the seven previous days or the 3.250 million of the first three days of operation of the program. 

On the other hand, the entity has invested during the last week 2.864 million in the acquisition of it mortgages identifications in the mark of the program CBPP3, in front of the 3.051 million of the previous week, elevating the amount accumulated from its launching in October from 2014 to a total of 62.862 million Eurus. 

As for the titulizations purchase or packed debt, the BCE invested during the last week a total of 638 million Eurus, very above the 254 million of the precedent week, until a total of 4.646 million Eurus. The BCE has committed to dedicate 60.000 million monthly Eurus at least to the acquisition of public and private assets until final of September of 2016 through these three programs of purchases of active that are known in way added as quantitative expansion (QE for its initials in English). 

You calculate many figures that are as a balm in the economy of the euro area the problem it is not that the solution of the setting in march of the (QE) in Europe it is a solution that arrives late because in the USA when you implants it was at the beginning of the problem they had very undoubtedly until a reactivation didn't take place there was not solution to the economic crisis and the measure employee the American QE you implants it doesn't stop to avoid the crash of the economies but so that these has resources to accelerate the thing it is very different from what happens here in the euro area the BCE it has started a QE to avoid that the economies not break so that they refloat. 

The numbers with those that we are today are of such a span that what is making the QE of the BCE is to move away debt of the market but staying it the that debt in fact is not disappearing it is simply changing drawer or said otherwise realer it is changing drawers to a drawer. This won't solve he swims to the long one then somebody he will have to make in front of the big drawer and this alone it is made with the help of that the drawers sin that today they are passing him the debt they pass him effective that is to say Eurus. 

And this it is the error all the thousands of millions of Eurus that the BCE buys they are not in the monetary market they continue staying in the country properties of the countries of the euro area but they don't produce anything alone they alleviate costs in fact and like he said before it is not that they alleviate it alone they move them of place, this happens because like he said this help before it arrives too much afternoon and for he should not be devoted to reactivate but to sustain that which is very different the USA they put thousands of millions in the markets in the banks and in the companies through them and this got that the economy you doesn't end up stopping. Today the great part of that used by the FED has been returned and the USA is in disposition of beginning to make money leaving that same money recovered with interests. 

Here in euro at the end realized that the USA was right and that it was necessary to put money in the economy but the problem that the BCE is it is that the economy has disappeared in more than 60% of the territory Euro the only thing that is so much debts in the states, like in the banks and the companies and in the society in general this has happened simply because while in the USA the FED flooded here of money the economy the economy it was braked now later with cuttings of all type 5 years these cuttings they have eaten up the whole banks the companies the consumption or the worst thing the production of consumption goods. 

For that reason the BCE single purchase debt because Europe doesn't produce another thing and until this doesn't understand it didn't finish being solved he swims. And will you tell me why they don't understand it, it is that we are silly in the UE?, because I would say that half and half I believe that here in the euro area there are some that spend of clever and others that are very short some it interests them that arrived to this point the things they stay like they are because they have become the owners of the situation and they make and they undo to their pleasure and the other ones the only thing that they can make it is that that they buy them the debts to be able to buy more because they cannot make another thing. 

Among so much we worry about with the problems of Greece and with this it will pass the same thing that with the QE when they decide to fix it will be late not alone for Greece but for the economies that today doesn't produce France that is to say, Italy, Spain, maybe France after seeing the results of yesterday's elections can rectify on time it seems that the right of Sarkozy is profiled as the new government the problem it is if he will be able to tolerate the economy such French two years and like it is but the problem was in Spain and Italy, because surprisingly both point toward the contrary side and both also turned to the left the hardest the one that will begin to treat the things of what way like he is making it Syriza in Greece. 

The things are this way if the UE doesn't react, in little time he won't be necessary to think about if it is necessary to allow Greece of the euro to leave it is that they will leave caught of the hand the three Greece Spain and Italy and forget from the BCE to recover the debt bought to these countries.