They
don't square me the numbers neither the circumstances of the Spanish economy,
say what they say from the central government the reality it is that as much
the macro as the mini economy of the country go not well this more directly he
doesn't go of none in the ways. The government continues falsifying the
parameters before Brussels and this it is allowed to deceive me suppose that
until it finishes with me the hurt Greek or already the bubble in Spain is so
big that it explodes.
It
is not certain that the macro economy works like he says Of Guindos and the
government's member and the reason is clear every time the debt ascends and
every time the gap of the commercial scale is worse today one can read in the
press salmon that in the first trimester the debt has ascended again, the worst
thing of this is that the government continues pawned in that there are two
Spain them that is to say the government and the imbeciles of the CCAA that are
in another country and for what seems they belong to another government.
And
this is not the CCAA they are this way government from Spain or at least of the
Spaniards that live in them, because they offer them fundamental services that
he should make them the state of not making it as the he made the dictatorship
before. So he can that to Brussels they confuse them but here they cannot come
with the "great captain's" bills the government from Madrid it spends
what interests him more or less block the deficit and that that in fact it
lacks him he spends to the CCAA that would happen if the communities stop to
assist the sanity the education to put an example the Spaniards we would die
sick or the children would have to go with ass ears for the streets of
Spain.
Don't
count me the government's more lies gentlemen.
The debt of the group of the public administrations has been located in
the first trimester of this year in 1,046 trillion Eurus, 12.344 million Eurus
more than in the last trimester of the previous year, with what is located
already in 98% of the GDP, according to data of the Bank of Spain. And this
fact is false because the GDP remembers all that you contaminates with the
incorporation of a submerged economy I would say impossible to calculate that
is to say he put on the figure by sight to square in that moment the deficit
that Europe demanded, I refer to the prostitution (not regulated in Spain) and
a portion of economy B that nobody knows from where it leaves so if this the
debt of Spain is not it would be for above 110% of the GDP more or less
net.
With
everything it is that the official percentage is almost an inferior point to
the Government's objective for the whole year that is located in 98,9%, of
agreement with the upgrade of the Program of Stability of the past April 30. In
terms inter yearly, the debt public grow in the first trimester 5,05%, while in
connection with the previous trimester, it registered an advance of 1,19%. And
starting from these bad numbers the speculations begin. According to the data
of the Bank of Spain, the central administration put an end March to a debt of
907.218 million Eurus, 85% of the GDP.
The
autonomous communities (CCAA) they accumulated on the other hand at the end of
the first trimester a debt of 240.411 million Eurus, what supposes a ratio of
debit /PIB of 22,5%. In the case of the local corporations, the indebtedness
fell to 38.302 million (3,6% of the GDP), while the debt of the Social security
was located in 17.190 million (1,6%) curious that don't specify the disaster of
fall of revenues in this fact. And the extraction of the "box" of the
pensions
With
these perspectives of fallen drop I believe that we can say that the Spanish
economy is so much so in slow but sure recession that as always I comment the
companies of the IBEX they are making its benefits outside of Spain and they
don't have neither the most minimum hope of returning this is clear but that
that more it denotes that something will happen it is that the Spanish banking
exaggeratedly over dimensioned for such a poor economy as the Spaniard this not
alone making its business outside of Spain but rather it is already returning
its debts. The debt of the Spanish entities with the European Central Bank
(BCE) he has fallen 2,33% in the month of May regarding the previous month,
until the 132.595 million Eurus, with what decreases again
In
terms inter yearly, the debt maintains its descent, when clipping 52.919
million Eurus, what supposes 28,52% less than one year ago, according to the published
provisional data this Friday for the Bank of Spain. The debt of the Spanish
financial entities with the BCE was increased in almost 80.000 million Eurus in
March of 2012 and it overcame the 200.000 million. Now it is located clearly
below this barrier and very far from the maximum of 388.736 million registered
in August of 2012. The question is because they return a debt that nobody
demands them and they don't either invest in the country in credit to the few
industries that are or to the consumption.
According
to the Bank of Spain, the part that represents the net financing of the Spanish
banking regarding the total of the Euro system has increased from 31,4% of the
month of April until 33,15% of the month of May. Even so, this percentage is far
from 80% that ended up overcoming before the bank rescue. This increment in the
percentage that supposes the Spanish debt on the total of the Euro system is
explained by the descent of the amount of the debt of the entities that
you/they operate in the Eurozone that maintained its tendency to the drop and
he fell 7,41%, until the 399.967 million Eurus.
My
I diagnose in this respect it is clear the industry the capital and the Banking
don't believe that Spain has future and all are liberating of national ties to
be able to be unhooked of this Spain that he has left not very journey in the
economy of the euro when this happens the fortunes and the companies will be
located outside of the country and for them while Spain collapses in to the one
anything will give them same they will continue working outside of Spain they
will continue in the economy of the since euro their diverse delegations they
will be located in countries of the area dollar or euro and to alone Spain they
will come to take the sun and to see to the poor Spanish that thanks to them
and their taxes during these last 30 years, they have allowed them to be
multinational.
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