few days I've been thinking devastated the hardships imposed on the Greek population in the agreement for the "rescue" of that country and, therefore, I see absolutely justified the protests against the plan and against political class. We do not share is the use of violence that seems to have caused killed at least three people . Endanger the lives of people is not admissible in this type of protest and, besides causing irreparable harm to the families of the victims, harms the movement itself keeps them going. However, one should know the final version of the facts because the news I have is very recent.
The truth is I do not know much about the economy of Greece, but by what I read here , there and yonder seems borrowed to finance the Olympics, its military arsenal and other things in quantities that exceeded its capacity to generate wealth, which for years allowed the wealthy to avoid taxes or pay very small amounts, and that the corruption must be fairly widespread. The consequence of this is a deficit that has grown a lot (hardly a state may have a surplus if the tax charge has to charge) and a completely unsustainable debt.
And now it yourself some questions.
Who was financing for years now all consider this an outrage? Well, you certainly will not sorprendéis were mainly French and German banks. And obtained a higher return than that offered by other countries' bonds. A banks possibly have been buying debt until recently and now have pressured their governments to come to the rescue of Greece is not ultimately not charged on maturity, that about the limit. And who will pay in Europe this new bailout? Obviously, the entire citizenry.
Will Greece be able to return the loans will now receive and reconstruct the figure in the prescribed period of 3 years? After reading this and
this (Inglés) and something else again My conclusion is clear: NO, IMPOSSIBLE. So great. Why? Because measures they have imposed the EU and the IMF in that country (VAT increase, reduction of wages of civil servants, higher taxes on fuel, snuff and alcohol), which will to do is depress consumption, reduce tax revenues and create more deficits. Of course, what Greece will do is to cancel the purchase of submarines and other military cachibaches is planned mainly to France and the U.S.. Is tricky. And what's worse: all this process which will no doubt be leading in the Greek population is a feeling of humiliation and helplessness that will not bring anything positive for the future. I guess those who voted last year Papandreou wondering how come this man and his government are making him the dirty work to the right of Karamanlis to which they thought they had defeated.
Ultimately, the plan will be a disaster for most of the Greek people will be impoverished while those who accumulated wealth in good years are not going to see harassed. How could it not to be angry with the Greek people?
Having seen, do not you think that had much better suspension payment by the Greek government and the renegotiation of debt with your creditors? Moreover, the blockade of the purchase of military hardware (and in place, negotiating a collaboration agreement with Turkey) would have an additional respite to the accounts. This, together with a sharing of the burden of fair recovery in which the rich paid a higher share (through taxes on high incomes and combating tax fraud) would have allowed the country out of this process with high face and can face the future in other conditions.
And now we come to Spain.
One For years we go into debt a lot (in our case mainly the private sector) in real estate transactions that squandered millions of euros in the construction of non-performing assets and unpayable. In the private sector rescue was the State which has borrowed a lot to fund million in nonperforming assets through E unfortunate and support plan for banks to weather the storm.
Two. Just before the crisis, were lowered taxes on the rich (by reducing personal income tax and estate tax elimination) and little or nothing has been done to prevent tax evasion.
Three. Corruption is also widespread in Spain.
Four. Also here is going to raise VAT and increased gasoline taxes, alcohol and snuff.
And five. Papandreou and Karamanlis, Zapatero-Rajoy. Do you distinguish?
Rajoy is right when he says that Zapatero is doing the same thing in Greece. Yes, and exactly what he had done. And just as do many European leaders. Damn Europe!
