The interested public is a global frozen in suspense results critical "evrokonsiliuma" which scheduled to be held in Brussels in order to determine the upcoming strategy of healing the "sick man of Europe" (by analogy with the known definitions assigned by evil tongues of the Ottoman Empire in the XIX century). In his capacity as the currently playing entangled in debt, as in silks, Greece's economy, about which will soon be read: "There was everything, and now — just defaulted."
In general, it is not hard to guess the favorites states in an emergency mode congregate in the bureaucratic capital of the European Union (they say that the German "kantslerina" Angela Merkel on this occasion was even obliged to cut short his African foreign policy "safari") brought together not only the welfare of general humanitarian concern money " the cradle of European civilization "that can go under the hammer for the debts, saved up by the Greeks, not without the active help of" neighbors evrokommunalke. " In this case, European elite even more disturbing his selfish passion, and specifically the fate of the brain merits of European integration in the form of the eurozone, which is already beginning to crumble whenever a brand new report on the probable cutting off the "Suffering Greek term" (that is to say in the case of a declared municipal default in Greece). Since when in this situation will not last Brussels Athens a helping hand, then he runs the risk of "kick the bucket" when the monetary crisis will spread to other eurozone countries.
However, as it is now accepted in the "civilized family of European nations", the final decision to pull or to continue inflating the "financial bubble" pumping credit of Greece, it was left to the mercy of France and Germany — the two main sponsors of the euro project (or, one might say, more comfortably "big brothers"). On the eve of the EU summit, Angela Merkel and Nicolas Sarkozy made a Franco-German cabal, meeting behind closed doors, that is actually the case, "figure for two" fate Greece. After the end of Round Two evrotyazhelovesa who still managed to find common ground, they said (in the spirit of "we discussed it, and the European Union decided") that the Greek monetary Armageddon temporarily postponed.
Apparently, the role of monetary sponsor another "oxygen mask" for the hopeless junk Greek economy once again take on Germany, whose Chancellor soon have even more often painful to answer the question: "Where funds Zin?" (Ie, In this case, Angel). In general, except for Germany and France, under his own role in the mission codenamed "Saving Private euro" voluntary-compulsory and private lenders have signed pre-default of Greece. As reported by Financial Times, agreed action plan may include intake? 71 billion from global lenders and? 50 billion — from the personal. The collected funds will be used for the partial repayment of the total Greek debt? 350 billion. In turn, the exchange of bonds held by private companies into new 30-year bonds Athens can reduce debt by another? 90 billion. In addition, the European media "pleased" local "fat cats", which, according to available disk imaging, European fiscal authorities plan to impose a "banking service" in order to raise funds for the refinancing of the "poor relative of the Greek."
The effectiveness of the prescription of a European favorites for healing unhealthy Greek economy, in an interview KM.RU commented recognizable Russian economist Andrei Kobyakov:
— To be honest, I think that Greece should defoltirovat, otherwise the situation becomes not just acquired, but even getting worse temper. In the past year, helped Greece from default, but in the meantime situation there is not only not improved, but even worse. This shows that the Greeks or unwilling, or unable to carry out their tasks.
By the way, I do not rule out that they just do not want to do that. It is clear that Greece has the assets to be privatized, for a total of € 300 million of this amount can be plugged into a hole all the debt of the country, but the Greeks did not take the time to do it. They are not willing to part with their own property. It turns ugly situation: the desire to live in debt, and do not intend to pay. If Greece does not defoltirovat, it means the continuation of its support from the strong euro zone countries, first in Germany. Naturally, the middle of the Germans on this outrage grows. Like, how much more you can keep dependents? And in Greece out millions to demonstrate and say, "But we do not want to pay!". Pathos of these demonstrations is not entirely clear to me: do you want to live well — learn to "carry the sleigh." In this sense, the situation is quite neglected.
On the other hand, there is the euro project, which is still more expensive than an old heart the inhabitants of Europe, than the problem of the debt or other individual member of the EU, much less such is not very significant on a European scale, such as Greece. And yet, in my opinion, it would be wiser to take a surgical solution. At least, temporarily relocate to Greece beyond the eurozone, the currency return and make a real default. It would have been reasonable and appropriate solution. But the Europeans, apparently, this is not otvazhutsya and will continue to finance anew Greek debt. With all of this — what is a restructuring involving the process of personal banking institutions and investors? It is in any case would mean a partial default. Given a plan that offered insurance group "Alliance", according to which the order? 50 billion to be written off by creditors. In fact, it is — is not complete, but a partial default. So, in one degree or another will inevitably defoltirovanie Greece.
The problem is not so much specifically in Greece, but in the fact that the crisis is spreading across the European association. For example, last week sharply staggered bonds of Italy. Their value has gone down, and the yield, respectively, up that says about the aggravation of the difficulties and reducing the ability to produce new Italian government debt. That is in fact the case, we litsezreem as crisis begins to spread over large euro-zone countries. The question is, what, 120% debt to GDP in Italy — it's some brand new hitch? No, exactly the same as 120% were on time, when Italy entered the eurozone in 1998. Means, in this sense, the situation has not changed, either, at least not worsened for the country.
There is a natural question: Why exactly is at this point appeared whole this hype? In 1-x, it shows on the panicky nature of many processes on the exchange. That is, objectively, we can not ascertain the situation regarding the debt crisis in Italy, the same, but psychologically it folds obviously adversely. In-2, all event, most likely, they are quite conscious attack of speculators and acts primarily U.S. rating agencies are starting to warn about the ability of sovereign downgrade of Italy, etc., etc. I see for all this very real "financial debt war" between the overseas and European "comrades." In fact, the question of talking about who takes the arrows on anyone.
It is clear that the more important prob
lem of global society is the U.S. debt crisis. At the same time, to distract public opinion is artificial inflation of the euro crisis. Of course, read about the danger of the euro is possible, but in this case, you should read not only about the impartial component, and about the personal element. Here we are dealing with a very pronounced correctly managed outside (let's say — from the U.S.) debt crisis in the eurozone. In fact the case, it is — the military actions in the field of global money. I wrote about it a year earlier in the article "The Euro in the trenches", placed in the magazine "However". Following the events taking place, it can be hard to get out the idea that you read the reports from the front.
Of course, in Europe the situation is severe, I would even uttered a critical nature. Because fundamentally fundamentally, that the European countries have shown unity in the position and less indulged squabbles. Some analysts Tipo they say about having the ability to "forgive" part of the Greek debt. In this case, the same individual banks will show loss in its own balance, which in turn is related to the amount of capital these structures, which has an impact on their reliability and creditworthiness. That is, before the write-off of hold, you need a solid base to strengthen the major holders of Greek debt. This, in any case, the action is not free. This is not the same as to just go and forgive. You will need to capitalize the banking system in Europe — or a means of deciding on the currency issue, or the need to find sponsors this event. It can only sponsor all the same, France and Germany … In any case, we are back to square one, and then began: to pay for the debts of the Greeks will have to developed countries.