jueves, 14 de mayo de 2015

THE UE AND THE IMF CONTINUE WITHOUT TAKING ANY ADDRESS REGARDING GREECE


The on the way to the economy of the eurozona has never been easy and the result of the first trimester is not any exception. The GDP of the eurozona grew 0,4% in the first trimester with regard to the room, what supposes 1,6% anualizado. Although the fact supposes a constant turnaround of the rhythm of growth with regard to 0,3 registered% at the end of 2014, it is not by no means the jump that the most optimistic waited.

In fact, the economists pointed to a growth of 0,5%. In this case, Germany is the responsible for these data. The growth of 0,3% in the first trimester was weaker of that waited. While the internal demand gave an impulse to the economy, it also braked the growth with the increase of the imports. France, on the other hand, gave a positive surprise with a growth of 0,6% like he/she told some articles ago behind the disorder and of the general economy of the area euro it is altering the own German economy. 

The problem of the eurozona is that some of the advantages that had impelled the expectations of growth are disappearing: the profitability of the funds, the euro and the prices of the petroleum are increasing. Nevertheless, there still are not unfavorable conditions: and the situation is better than the one of one year ago: the profitability of the German funds to ten years has fallen 0,75 percentage points while the Italian yields to ten years have lost 1,1 percentage points.
 
The investment continues being weak and the growth in previous trimesters was revised to the drop. We arrive the best news from Italy that has been able to register growth and to overcome the expectations, with an expansion of 0,3%. Spain grows to a rhythm of 0,9%. Among the smallest countries, Cyprus has registered a growth of 1,6%; Greece, on the other hand, returned to the recession. The pondered exchange rate of the euro is 11.7 smaller% and the price in Eurus of the Brent it has almost diminished 25%. But these two recent movements represent an adjustment of the financial conditions. 

That makes that the global growth is more important for the eurozona in what is of this year, and it reiterates the necessity that the European governments make more to elevate the potential development of their national economies. The European Central Bank has already put the feet in the floor when reducing the types of interest and to put into practice the program of purchase of debt funds. The recovery must be sustained so that the companies cheer up to invest. 

Many economists have already improved their forecasts of growth for the eurozona this year, and the stable recovery seems next. For once, the biggest questions about the growth are sustained in other regions, as USA and China, and they will have to be solved if the growth of the euro area wins land. But they don't have the certainty that this happens, the Greek debt is not viable and the debt payments of the country to the European Central Bank will be delayed, he/she said on Thursday the Greek minister of Finances. 

Between July and August, the Ministry of Finances will have to request borrowed 6.700 million Eurus to its partners in a way or another to make in front of expirations of funds of the program SMP", funds bought by the low BCE the program of denominated repurchase Securities Market Programme in 2010-2011. They are still some 27.000 millions of Eurus of those funds that it should be returned in next months or years, although paying attention to their comments should have said centuries. Those funds should be delayed to the distant future. That is clear." 

Varoufakis, a professor of economy bloguero that has irritated to the high European positions with their speech contrary to the austerity, and that it has been section of the negotiations with those worthy of the UE and the IMF continues not implied in the same ones alone that but rather it continues with the task of constantly irritating to all the economic organizations to those that Greece owes money. This posture doesn't believe that he/she helps a lot to an easy arrangement although it stops my incomprehension it seems that everybody has more patience than the one that would have me. The International Monetary Fund has said that it continues being flexible in the negotiations on the debt of Greece and he/she hopes it is reached an agreement soon between Athens and its international creditors. 

This is already the Endless history and the given true the general state of the euro area I consider it a lack of respect and of an insensibility without paragon, it is maybe possible that Greece doesn't know how the Spanish society is how many sacrifices we have to make besides the facts the posture of Greece it is still already absolutely defensible whenever they defend it in front of its accrediting ones but it is not of political logic that is tried to use the uneasiness of its partners this is very low this denotes a form of making political that no longer alone it is question of protecting the euro but the European societies. 

For logic this problem brakes all recovery possibility in the euro area they say what the economists of the IMF say or of the BCE nobody took a clear posture in this respect of investing in the euro area until the reality of the economic situation of the same one is clarified and this didn't happen until Greece abandons the euro and be treated as a country unaware to the economy of the euro area, first it is necessary to take this step and later to give all the postponements and all the credits that the market and the own BCE and the IMF believe possible to offer but all this cannot be made in the mark of the euro because as they make it the following day there is a heap of countries requesting the same thing  

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