I BELIEVE THAT GREECE BEGINS TO BE AN INCONVENIENCE FOR THE WHOLE UE

The Wall Street Journal today that Spain and Portugal prefer that Greece fulfills the demands of the area euro assures or if not that abandons the region. The newspaper explains that, although one could think that both states could prefer that the area euro accepts the Greek Government's pulse as long as a didn't take place 'grexit', as much Spain as Portugal have been positioned in the line hard of Brussels and they want that the Hellenic country completes.  

Curious article of the Wall Street Journal some days ago the press economic American alerted of the risks of the crash of Greece and it bolstered this comment comparing it with the world disaster that I cause the fall of Lehman Brothers pointing that he allowed to fall because they thought that it was already a small bank in its moment to counteract this example making notice that the problem was not the size of the bank but the financial dirt that had extended for all the other banks of the world. 

Something similar it is about to happen in Europe but on the contrary, that is to say if Greece doesn't give fatigued or defeated, like you and the UE want it sustains it will happen that of Lehman, it will extend for all Europe the clear idea that the capitalist economy to the western use, is rotten and this took to a radical change of political economic and social that are still worse, to great part of the continent and if this happens it will continue contaminating to the western world  

This is not only a negotiation tactics. Openly, Madrid and Lisbon say that they hope Greece remains in private in the area euro, but the high positions in Madrid and Lisbon they have clear that they believe that it would be better for Greece to abandon the region that to take a risk to the chaos of breaking the rules of the euro zona", he comments the article of the Wall Street Journal. Of course, this reflects partly more than to the economy to the national politics: Madrid and Lisbon are very aware that to grant too much to Athens it would encourage to their own opposition of radical left.  

But at the same time also reflective a growing trust that the economy thanks to the own efforts mainly from the society of both countries and those of the euro zona, it is now the sufficiently resistant thing as to support the economic impact of a Greek crash but they are not it to face a political victory of clear communist socialist character. 

Wall Street Journal says that "the tendency change in the Spanish economy from the summer of 2013 has been remarkable". in fact, this week the Government of the PP a little pushed by the fact of having to make campaign for the next local and autonomous elections it elevated its presage of growth for this year until 2,9% from 2,4%. And today the National Institute of Statistic has published that the GDP of the first trimester grew 0,9% in rate inter quarterly and 2,6%  inter yearly. But the certain thing is that so much in the true, Spanish economy and Portuguese they suffer still of significant weaknesses. In Spain, the biggest weakness is the very high stock of financial assets in international investors' hands, what is equal to 96% of the gross internal product, a legacy of the tide of money that flowed in the country during the years of the bubble as well as the unemployment. 

The biggest risk in both countries is, therefore, political. The capacity of recovery of Spain depends on continuing attracting foreign capital while it increases its exports to reduce its dependence of the loans of the exterior. The Wall Street Journal explains that until recently, the market was fearful that the elections foreseen for final of this year could take out to both countries of the undertaken road. But those fears are going back quickly for what denominates "the effect Syriza" that at the moment it is demonstrating that it cannot alter the firm posture of the UE. The question is the UE he will be able to tolerate the pressure of Greece during a lot of time or the own disparity of political and of economies in its breast will break the unit of the euro area.