It is
very possible that the IMF is not any marvel in the treatment and in the forms
of acting one realizes it with the repeated collisions that are given among the
monetary organization and the different countries that collide with its theses
or analysis it is also an organization that the other ones the world in general
seems that they treat her a little as the dark room where they will stop
political and characters that are usually rejections of other countries or
entities. Dominique Strauss-Kahn, Rodigo Rato, Christine Laggard. They are the
last presidents or general directors that have mined with their loads of depth
to the institution.
But a
thing is this place of important people's retirement that the respective
politicians of their countries have not taken another form that to be taken out
them of above and another very different one is the whole structure of
technical economists that they are in her. In theory the alone IMF should be
dedicated to the study and effects of the Macro - world Economy, and not to be
devoted to the economy won't say micro but if of a nation, for example what has
happened and it happened if it is not changed with the case of Greece the IMF it
should already contemplate the effect of the sure unpaid Greek in the world
economy and vice versa to study in that conditions the Greek economy to the
world macroeconomics, and not to act directly in or with Greece but in this
case with the BCE and the European Commission.
If
this has been made this way from the beginning today it would not be possibly
Greece in the euro, and if he is, it would not be probably so indebted and
unbalanced economically as he is. Because between the technicians of the BCE
and those of the IMF maybe has understood each other much better than among
presidents from Greece and presidents of the IMF, BCE, and UE, that it has more
than enough they reign more the political strategy that the economic
reality.
The
IMF defends, in a report public fact this Thursday that Greece needs a new
European rescue of 36.000 million, even if the citizens of this country vote in
favor of accepting the conditions proposed by the troika in the referendum
foreseen for this Sunday. In short, it estimates that the country has some
necessities of capital of 50.000 million, without having the pending money of
the second rescue, of those that at least 36.000 (two thirds of the total) they
would correspond the partners of the UE.
To
Spain it would correspond him to give about 4.590 millions, if the allotment of
this new rescue one makes in the same way in that it was carried out in the
second rescue. That is to say, based on the same proportion contributed in the
creation of the European Central Bank: 12,75%. This new loan should have a term
bigger than expiration and some interest lower than the current ones, according
to that affirmed by the institution in a report with date of June 26. One day
before the first Greek minister, Alexis Tsipras, summons the referendum.
According
to the institution, the monetary necessities of Greece have been increased by
the "important produced political" changes. In January the coalition
of radical left Syriza was able to arrive to the Government after winning the
elections. To justify their statement, the Fund appeals to the revision that he
has carried out of the rate of growth foreseen for the Hellenic country. This
way in April this it was calculated in 2,5%. Now it is calculated in 0%. Also,
the institution that Laggard directs believes that it would be necessary a
restructuring of the Greek debt to make sustainable the economy of the Hellenic
country. He has explained this way to it today the organism that intends to
increase the expiration from the 20 year-old Hellenic debt to the 40.
This
is one of the Greek Government's central petitions, to which oppose you frontal
the other two members of the troika, the BCE and the European Commission, but
that the IMF yes it considers necessary. It is more, even with a restructuring
of the debt, the debt ratio on the GDP would be of 140%. Now it touches 180%.
The European partners face a net loss of more than 53.000 million Eurus in case
Greece doesn't respect the budgetary objectives of the plan of the creditors,
it points out the preliminary report on the Greek debt of the IMF.
The
Fund arrives to even to notice from its reticence’s to give more money to
Athens if they don't take measures that guarantee the viability of the payment
of the debt. The figures provided by the IMF could be even more alarming. The
institution specifies that the recent events in Greece (he closes of the banks,
capital controls, unpaid to the IMF) they are not included in the report. These
would "have an important negative" impact, they add from the
IMF.
These
numbers personally find me logical as it is natural I cannot confirm them
million to million but they sound me logical that which takes me to say that to
the Europeans in general doesn't interest us that Greece not already alone it
doesn't continue in the euro but rather it doesn't continue in the UE under the
current conditions. I don't want to pay more Eurus for any Greek government,
because the reality tells me day by day that we need the Spaniards all the
Eurus all those that we can obtain with our GDP and in no way we can pay those
used to get in debt an and another time the Greeks or who are and I also
understand that the same thing can and the French, German, Belgian, Italian,
etc. should think with regard to Greece and to any country in the one that I
have Spain.
In
Castilian a proverb that he says "The charity exists very expert begins
with oneself" and this fears myself that is what one doesn't keep here in
mind in the UE is possibly sought to think that "everybody is good"
and this is not this way and if there are not an administration and an unique
government the things they didn't straighten out the economy is very bad and leaves
of the blame we have it all that we have believed that the UE was of all in
some moment and it is not this way but the other way around that we all are or
we should be of the UE, and this if has been made many imbalances and national
waste has not been carried out.
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