The minister of
Economy and Finances of the Eurozone (Eurogrupo) they have met in Brussels today
to already approach the first tract of the immediate help in favor of Greece,
after the agreement reached at first hour by the leaders, since the country
almost needs 11.000 million Eurus for July and August. Greece is in a situation
of extreme necessity of liquidity, he has to pay some debts almost immediately,
and among them one of 225 million Eurus in interests to the European Central
Bank (BCE) July 19 and other 3.500 million the following day. To the sink it
the 1.600 million Eurus that he left to duty June 30 to the IMF, to which also
has to pay 178 million Eurus of interests the first of August, month in that
again conquer more with the BCE other 3.200 million and 194 in interests.
If I have not
added bad in these two months July and August Greece has to pay 8,897millones
of Eurus. Well giving for good this and keeping in mind that the advance of the
UE is from 11.000 million to me he gives me that to think that the rest, that
is to say, single 2.103 million Eurus so that Greece works during these two
months, this if we multiply it for 6 it would mean that Greece, the state and
the society, they work with 12,600 million Eurus a year and if this is this
way, it is that the GDP / real per capita in Greece would be of about 1.150
Eurus, and I believe that I don't make a mistake a lot because it is evident
that if the UE advances 11.000 million for two months, it is because he has it
calculated, I believe this way that the costs of refund of the rescues and
interests that are this time calculated on July and August, should be same or
very similar to those of September October… etc.
If we look at
the different PIB's / capita European, we will see that that signed tonight and
what you/they sign this afternoon is not for where to catch it, and like I said
the negotiation already some days ago between Greece and the alone UE he has
two objectives: One is that the UE tosses to Greece and liberate its government
of the responsibility of loading with this stain of being the government that
could not hold back in the UE. And second, to avoid to the society to have to
make a bloody revolution to be liberated of another Greek government to which
more disastrous.
Greece cannot
continue being deceived and wanting to deceive the UE and it is Greece the one
that plays him to see it and to decide it, in this aspect I believe that the UE
has been very guessed right in not falling in the benevolence of a mercy
without application possibility, a little like one makes in some cases of convicts'
resources to the capital pain and that at the end they finish with the fatal
outcome, this it is the end of Greece in the euro group and the more they lengthen
it, surprisingly more he shortened this term.
In some
macroeconomic data Greece is located with a GDP / capita of 16.300 Eurus what
would correspond to a national GDP of 185 thousand million Eurus, is evident
that it is impossible to continue the Greek debt it already overcomes 200% of
the GDP, of there you remove them that Tsipras requests and the same reason is
the one that forces the UE to not accepting them, because it is not one it
removes, what is necessary serious to absorb it completely, but this is legally
impossible because according to the commercial law laws this would take I get that
the UE stays with the debtor, that is to say with Greece, to be able to
liquidate it and to make up for of its debt with what can take out in auctions
or sales of active, it is what is made with the managerial institutions, banks,
etc. When they are declared in crash. To liquidate it or to absorb it is not
more but with that last the UE should make in fact in front of the non-contracted
debts with the own UE new landlady of the absorbed entity.
But this is not
written in any treaty neither any law of international right, this it is
another of the shortcomings of the organization of the UE that is an absurd
formation based on the good will and the fortune of some partners, to those
that it doesn't tie them nothing else among them that a foreign currency, but
there is not neither political neither economy neither taxes neither common
laws. This way to the one that goes him well it sends and to the one that not,
alone he has left to obey and to remain silent, I believe sincerely that the
same as I say that the European today we no longer owe anything to Greece, I
believe that the UE if he should take a resolution with the towns that conform
it and restructurers, because the macroeconomic data indicate that the enormous
differences among their towns will go making impossible to get a reactivation
of the European economy and with it their continuity in the current world.
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