THE SPANISH ECONOMY IN HANDS OF THE BANKS AND THESE IN HANDS OF THE ONE WHO?

 

It is indispensable power the financing of the real economy through alternative to the bank" financing, it claimed the president of the National Commission of the Stock market some days ago (CNMV), Elvira Rodríguez, noticing that Europe enjoys "a financing model extremely banking". This is a bomb of time that nobody knows when it exploded but if we know that he/she will make it sooner or later.    

The banks cannot be the suppliers of financing of the productive neither state economy, because the banks are that is to say some passive elements they don't produce anything their function it should simply be the one of administering the economic resources that either deposit them the different means producing of economic values the state by means of the collection of taxes or the companies by means of their operations of purchase sale.   

That the banks are today the financiers of all this it is an atrocity and they will see because a company that he requests financing to a bank forces to this if he wants to be given it to request a loan at a third because the bank doesn't have money we say own but alone and in their clients' theory deposits so that that in fact what happens is that one requests a credit and he becomes in two theory it is duplicated, the worst thing is when the moment arrives of returning it first the company and later the bank, if the company neither is not able to so the bank in theory if the first credit was of 100 million it is that in fact the debt that causes is of 200 the 100 of the company petitioner and the 100 of the bank lender, and you go that is how many entities they can have behind.      

A clear example is the Spanish case, where 80% of the financing that manages the managerial fabric comes from the credit entities. Economists, supervisors, regulators, political and managers come alerting that one of the lessons to learn of the crisis is the necessity to lose dependence of the banking and they urge to diversify the financing sources. Among the companies of the Ibex 35 that are the lance tip in the attainment of alternative financing for their size and experience, of stocking 69% of the resources even comes fundamentally from the bank credit.     

This is the reason for which the total debt of Spain is located in more than 1,7 trillion Eurus and before these figures one understands because there still is not credit for the consumption and for the PIME and say what the government says the things they don't work. The case is that it will be thanks to De Guindos that is a great financial negotiator Spain it doesn't scare in the external market and that is possible because the government has kidnapped the reactivation of the this country otherwise is not reactivation the Spanish economy he has stagnated totally and alone the elects work the general economy it is totally stopped. 

And this because you wondered, because very simple the Spanish official economy cannot get in debt more and all the efforts are directed to maintain this debt before mentioned among a range of 1,6 / 1,7 trillion Eurus this well presented he gives the sensation that the creditors are calm and they trust that their investments in financial loans are covered and they are profitable now then this file to the whole rest of Spain. The clearest test that demonstrates my theory is that the companies of the IBEX and the three bigger banks of the country work capturing production some and money the other ones outside of Spain, this will stay this way until someday a country of those that are providing this exit to the macroeconomics of Spain stops or get angry and they leave us with the ass to the air.    

The diversification process toward non-bank sources is not easy neither quick, and with everything that the dependence of the banking continues falling this year, other financing sources are more expensive than the bank loans and that these alternatives are still closed for the PYMES of smaller size this it is now the first problem of the Spanish economy and partly also European but it stops that the economic specialists of the governments are and of the non-alone UE to solve that they make with Greece.