PIGS AND DISASTER GREEK
Anyone interested
economy macroeconomics and especially know how important they have become in time the so-called "A" assigned by operators and financial research. Very important and a company listed on the rating, Moody's, drew up a ranking of countries according to an index recently evaluated but very significant: the index of poverty in the state. Also on this occasion the British and Americans are confirmed also in the call with more bad names and even nicknames indices, taking the rankings made by Moody's gave the best of them, creating a unique acronym: PIGS What is it? Simple answer: Portugal, Italy, Greece and Spain. Anyone interested
Over time, the "I" cambiò proprietario: si passò dall’Italia all’Irlanda.
Ma cosa hanno in comune gli indici di miseria della Moody’s ed i P.I.G.S.? Apparentemente poco, poiché quando un esperto di economia o un singolo cittadino pensa alla parola “miseria” non ragiona su questi quattro paesi ma bensì su altre nazioni, magari asiatiche o africane. Invece, come raramente accade, un indice ed un acronimo si incontrano e si intersecano su un determinato Stato: la Grecia. Moody’s ha declassato la Grecia poiché la povertà è davvero arrivata, così come la disoccupazione, a livelli molto elevati: le famiglie greche, a differenza di quelle italiane e americane, rispettivamente, non risparmiano and do not play the stock market. When you come to save banks that are controlled by foreign groups, particularly French and Germans, and link when investing their money on risky securities or few benefits. These are two reasons that led to the fore as a major macroeconomic: the greek national debt is owned 75% by foreign investors.
latter, at a time when financial markets are still licking their wounds after the crisis generated by subprime mortgage bubble, the revolution carried out by the Federal Reserve on the big American investment banks have often, perhaps rightly, decided to focus on Greece.
investments made by the greek government, just think the bankruptcy plan to make Athens the center of the Hellenic tourism, have fallen one after another. If we add also a positive trade balance and current account deficit sharply, Greece comes out with fractured bones.
For this reason, and especially to hide the negatives with state budgets, almost like a sneer, at Goldman Sachs, Greece has almost declared bankrupt.
But a failure state is not allowed in Europe: Greece is a member of the European economic arena, therefore, failing to Greece, a project may fail. A project of a united and ready to face the challenges even under the economic point of view. Jacques Attali has recently stated that this crisis would create a new European financial governance, Tommaso Padoa-Schioppa stressed again the importance of the euro in this delicate game, and many operators have placed their trust nell'Eurogruppo, the Ecofin ministers and especially in the minds of people competent and ready to face a new challenge.
This time Europe is at a crossroads: to save Greece to save himself or save the EU from Greece? And
'This is the question that lurks in the minds of Heads of State or Government and Ministers of the various flights of the entire European Union.
E 'and then just save the money for public lags behind other states Greece? E 'virtuous behavior? Above all, we are really sure you do not create an unfortunate precedent? To answer these questions
holding the executive power of each European state. Hoping that they do not sink a noble idea to not affossino entire economy that has responded well to the crisis and who has never forgotten the road to be followed in times of crisis: the way of penalty.
HENRY THE COURT.
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