martes, 21 de julio de 2015

GREECE WEARS OUT WHAT THEY LEAVE HIM SOME TO PAY THE DEBT TO OTHERS


Greece put on yesterday to the current in its payments to the International Monetary Fund, to which owed 2.000 million Eurus for four expirations of June and one of this month. Athens was also able to pay the funds had bought for five years by the European Central Bank by value of 3.500 million Eurus on time (more interests). Athens is able this way to put to zero the accountant with two of its international creditors, but this is a countable deceit of big proportions because in the bottom Greece has not paid anything it has simply transformed the payment of some debts in another bridge of the UE of 7.160 million Eurus that Brussels waits to discount of a third rescue (2015-2018) of up to 86.000 million Eurus. 

It is a really absurd situation, while the negotiations of that third beat of loans (after that of 2010 and 2012) they will begin shortly, as soon as the government of Alexis Tsipras completes the previous conditions fixed by the area euro. Greece already has committed 7,160 million Eurus but it is that also this debt a priori doesn't alleviate the necessities of the at all day by day of Greece it simply serves so that officially the country is not a doubtful one and he can receive this way more loans and to continue maintaining its debt in the same proportions. 

The curious thing of all this is that among the conditions to negotiate the second rescue figure the ascent of the IVA for numerous products that yesterday went into effect. The maximum type continues being 23%, but the suppression of exceptions will go up the stocking that is of 13% (7,7% in Spain) with the objective of collecting 1.800 million more Eurus a year. Looking as in the quantities before beginning to collect 1,800 million a year has already gotten in debt indirectly in 7,160 the game of numbers it is an authentic labyrinth whose exit is not another that the exit impossibility.  

The troika has also demanded before July 22 a reformation of the law of civil prosecution (to accelerate the judicial processes) and the conversion of the directive European on bank restructuring, a norm that he forced to recapitalized the banks with position to the shareholders, the forks of subordinate debt and the non-guaranteed deposits (above 100.000 Eurus) that is to say the legal expropriation of the capitals of the Greek impostors. The voting of those two laws in the Greek Parliament, foreseen for tomorrow, will mark the level of resistance of the Government of Tsipras whose parliamentary group already registered the week last 36 desertions in the vote on the IVA. 

It is not the moment to celebrate premature elections, he said yesterday in Athens the Government's spokesman. Tsipras fears that the breakup of the camera brakes or frustrate the negotiations of the third rescue, what would leave Greece without international financing and it could reopen the debate on the exit of the country of the euro. "What I worry about, is that some think that if we leave the euro there won't be necessity of austerity", he complained yesterday the minister and ally of Tsipras, Nikos Pappas.  

Evidently this reflection is correct and preoccupant but this belief imbued to the Greek society are blame of the own Syriza that I use it vilely in its campaign of elections, it seemed that with Syriza, they will end the cuttings and now it is that you increases. Athens confronts August 20 another expiration of 3.200 million Eurus with the BCE. And the debt with the IMF until final of September overcomes the 1.700 million, more 1.800 million Eurus until final of year. Without external help, Greece incur in unpaid again and it could lose the support of the BCE. 

But the most serious thing is that he gives the impression that to Syriza what he cared was to win the last elections, and to govern Greece like was, because I understand that after the results obtained during their short administration what should make Syriza it is to return to the urns to check if the Greek town trusts them to continue advancing toward he swims her that it is what has offered him and Syriza will offer him.  

Before returning to the urns, Tsipras trusts to reach an agreement with the troika on the third rescue him to allow to stabilize the country financially. The negotiation, however, it can get complicated for the reach of the adjustments and cuttings that it claims the area euro to Greece to compensate the economic deterioration of the last 12 months (the second rescue was blocked in June of 2014, by the resistance to complete the conditions of the government of Samaras, first, and of that of Tsipras, later) and to recover the trust in the Greek Government. 

What passes with Greece is diabolical and to me personally gives me a lot of pain I find the European institutions to be playing to the economic fronton and that Greece is the ball that I goes he comes bounced an and another time there is not right to make this, Greece is suffering for their sins it is certain but it doesn't deserve this punishment because the UE knows perfectly that Greece won't be able to leave the situation that has been created and that they determine to maintain and this is not warp because he also stays because Greece is a small country that doesn't alter the global economy of the euro at all, for this reason I say that instead to get dizzy it with unconscious economic actions would should or the own Greece or the Eurozone to separate once and for all for all.  

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