Speculation in the market is dictating the behavior of European governments and consuming a huge amount of financial resources will detract from somewhere and we can guess from where ...
The fact is that speculators want high returns on their investments since they are not just the usual sawtooth and volatility of stock markets. In fact, much of the money that encouraged the housing bubble is now looking for new destinations in the high yield debt offering European states affected by the rumor mill that encourages the German press, British and very surprisingly the Bundesbank.
That the English and German press goes hand in this orchestrated campaign shows dark intentions. Since the city is repeated script and it is not the first time the band strikes against the euro. The surprising thing This new financial crisis is to see how the conservative media Germans join this campaign but if intended to weaken a question at the expense of euro euro-zone economies and the way to settle the debt they buy 2% for sale to the Irish 5.8% cases ransoms. No doubt the business would be greater if other European states of the euro area the bait and leave markets battered by speculative and biased.
Germany is concerned, not so much for the loans at high interest rates to 5.8% Irish and Greek resell when the price of money is at 2%, but by an appreciation of the euro against the dollar, yen and yuan that German exports slows can derail the strong output Germanic economic crisis. Merkel
maneuvers may end up blowing up the European currency if as many believe the authentic unsustainable debt is Chancellor difficulties in paying their pensions. Merkel should change course and implement the German engineering in the financial markets to strengthen Europe, not to serve in other states for their benefit.
Also, states and especially Spain should understand that it is urgent to reduce its debt, not by market demand, but to prevent their blackmail. Similarly, European countries are required in the future to ensure sustainable energy out of oligopolies and the tanker as the variation in fuel price will result in unemployment and budgetary difficulties.
Deficit reduction should result in a slowdown of the bureaucratic machinery of government to defend the welfare state guarantees and eliminate the political privileges granted self as pensions, wages, contracts, etc.
Europe faces being more European markets, reviving the implementation of a European constitution and even without discarding a concerted devaluation of the euro, at least by 20% to cope with the devaluation of the yuan and eldólar
The problem is to keep playing Item proposed by the market is already almost 200,000 million euros, 85,000 million approved over the weekend to rescue Irish. Resources behind the system for the Irish and Greek governments to pay their debts and restructure a bench step touched the wing when we should be injecting resources into the productive system, infrastructure and employment. More than 200,000 million
however should be acting in other settings to address the economic crisis and address the real issues that affect citizens and businesses, particularly with regard to unemployment and improving competitiveness.
is urgent to reduce government spending, suppression privileges and maximum restraint to allow reduced dependence on external resources to finance the public and enhance the productive sectors such as agriculture.
