Finally openly and without
shame, the partners of the area of the euro have discussed the possibility that
Greece enters in suspension of payments if the Government led by Alexis Tsipras
doesn't take measures to avoid it, they confirmed today to EFE. European
sources. We already take days seeing who he wants to see it that there is not
any interest on the part of the Greek government in paying the debt that has
with the world, and the fact is two faces a because it is he impossible to pay
it with its basic economy and the other one because its new politics is not
capitalist and therefore it didn't accept the sins of its predecessors.
This way the things The
possibility that the country enters in suspension of payments it was mentioned
as one of the scenarios that can happen if everything goes bad", although
it is not in the one that one is working", they indicated the sources. Lie
because if one is working the problem it is like he explains to himself this to
some markets and some creditors that won't be very happy with the measure and I
fear myself that they will request responsibilities to the UE and I eat I have
already written other times I believe that it is fair that they make this way
it and that the UE pays for Greece.
At the same time the UE should
force Greece to leave the group of the euro immediately and to facilitate an
alone convertible foreign currency to the euro the Greek government it will
possibly put in circulation another time the Drachma and the BCE he will give
him a value with regard to the euro so that Greece (its economy) he can inter
being related with the world markets
The thing is very simple
Greece it won't owe anything to anybody except to the BCE and while it owes a Euro
he won't be able to be part of the euro group independently again that its
economy became. The road that would be Greece to travel would be more or less
as the one that moves to countries like Ukraine, Turkey, included Egypt as
contrary example Switzerland.
One cannot believe more in the
Government from Greece because he is not already an European government their
lies first and their politics now they have taken out it outside of the
economic order and it is necessary this way to understand it the more he takes
a long time, more problems will have Greece and more restlessness he will have
the euro, because all that these last weeks are passing is not fear or panic to
the default of Greece but to the indecision of the Euro group the markets and
creditors already given for lost the Greek debt but it is necessary them to
know that this finishes here and that the euro area will continue clean and
stronger, making sure the business and investments so in the UE will be able to
be finally normal again.
That Greece has been shown
willing to present counterproposals to save the differences with its creditors
and he has said that the negotiations will be restarted in Brussels on
Saturday, they are declarations that nobody is no longer believed I believe
that neither the own UE. This new proposal of Greece takes place after
yesterday the IMF moved away its experts of the negotiations in Brussels for
the disagreements with the Government of Alexis Tsipras.
In this sense, the president
of the European Commission Jean-Claude Juncker, I point out this morning that
the negotiations will restart but that he was the Greek Executive the one that
had to take the first step. "The negotiations will begin again, first at
technical level, then at political" level, it has pointed out in
declarations to the radio station France Culture, picked up by Reuters. But
there is not exit as he said before there is no intention of paying what the
new government of look neo communist understands that it was blame of some
politicians that they didn't have anything to see and that they have really
ruined to the Greek town.
Now what plays is to move away
all the Eurus (the few Eurus that Greece has left they) and that eta deposits
them in the BCE, these Eurus will be for example the starting point for the
guarantee of the value of its new Drachma: today the change euro - drachma is
the following 100 € = 34,075.01 GRD then 341 GRD is an EURO we imagine that
Greece has today in its deposits bills and I liquidate 100,000 million Eurus
that it returns to the BCE, well this would allow that Greece printed
34.000.000 million drachmas if this monetary mass the Greek government believes
that it is he enough to operate the drachma he would have a value of change in
front of the euro of 341 GRD for euro or vice versa an euro would be worth
341GRD.
This value would stay this way
depending on the monetary mass in circulation of the Greek economy if for its reactivation
enters for external trade or tourism Eurus or dollars, the value of its foreign
currency would ascend because it could deposit more deposits in the BCE. This
in turn could allow Greece to opt to print more GRD and to improve the
conditions of their society and not to move the parity or to prefer to improve
the change of the GRD in front of the Euro and already this it is not so
difficult this works this way in the western markets.
Evidently if Greece doesn't
react and every time more GRD needs and its guarantee doesn't increase in
deposit in the BCE or in other values its currency you anger depreciating more
and more but this will no longer be blame of the UE but of the Greek government
that having Varoufakis for sure they give us a lesson to all.
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