Para além do fim da UE
Se a UE não se vir livre da Grécia, agora, a UE arrisca-se a acabar mais cedo do que o que se poderia algum dia imaginar, e desencadear uma nova e terrível crise financeira mundial de consequências imprevisíveis.
O afundamento grego é inevitável. Se a UE desejar continuar a existir seria uma boa ideia sugerir que a Grécia se retire do Euro, pois mentiu e falsificou contas - ajudada pelo Goldman Sachs - para o integrar.
De seguida a UE deveria cuidar de Portugal, porque se Portugal se retirar do Euro, como muitos sugerem, a seguir será a Espanha, que também não possui uma economia que lhe permita ser competitiva. E mais tarde a Bélgica e a Itália.
The ECB warned that a Greek default could spark "contagion" across Europe, causing Greek banks to implode and inflicting major damage on the big banks in France and Germany. (Guardian)
Creio que tanto o dinheiro que foi entregue aos gregos como o dinheiro investido pelos bancos franceses e alemães na Grécia é dinheiro perdido, por isso trata-se de gerir a situação face a esta realidade.
Parece ser o caos total mas basicamente os alemães têm razão e devem manter a atitude:
Berlin, backed by the Dutch, Austrians, and Finns, have been arguing for weeks that there can be no new bailout of Greece without the country's private creditors being forced to suffer losses on their loans. Otherwise, they argue, European taxpayers will be shouldering the costs while the international banks pocket the proceeds.
The ECB, the European Commission and other EU countries led by France argue that this could pave the way to disaster, with the financial markets decreeing the compulsory "haircuts" on private bondholders a Greek default, a "credit event" that could lay waste to the single currency.
"We are against any sort of default with haircuts and any form of private-sector event that could lead to a credit event or a rating event," Constancio said. (Guardian)
A grande verdade é que os investidores privados, gostem ou não, vão perder montanhas de dinheiro:
Michael Derks of broker FxPro said Greece was "becoming ever more insolvent. Tuesday's latest budget deficit figures confirmed that fiscal consolidation in the country is just plain nonsense."
He added that a Greek banking collapse, caused by a default, would heighten concerns about other highly indebted economies such as Ireland and Portugal, and as a result, the eurozone was working hard to make sure Greece paid its creditors. "Eventually, however, it becomes impossible to stop the financial dominoes from falling over. We may well have reached the point of no return."
The Irish finance minister, Michael Noonan, was reported yesterday to be keen to ensure that bondholders in the bailed-out Anglo-Irish Bank took some losses on their investments. "We don't think the Irish taxpayer should have to redeem what has become speculative investment," he told Irish state broadcaster RTÉ. (Guardian)
A sério?!
Britain is keen to remain on the sidelines, insisting that Greece is purely a eurozone problem. (Guardian)
Muito pouco
The €750bn bailout fund set up last year comprises €440bn in loan guarantees from the governments of the eurozone, €250bn from the IMF, and €60bn from the entire EU in the form of commission borrowing against the EU budget. Britain is liable for part of that third plank. (idem)
Tentar controlar os prejuízos
Default, then, seems to be looming one way or another. The best policy would be to try control the damage by ensuring the impact of the rest of the eurozone banking system is as soft as possible. That assumes, of course, that damage-control is still an option. The point of no return is fast approaching. (ibidem)
Note: we don't think the taxpayer should have to redeem what has become speculative investment.
Se a UE não se vir livre da Grécia, agora, a UE arrisca-se a acabar mais cedo do que o que se poderia algum dia imaginar, e desencadear uma nova e terrível crise financeira mundial de consequências imprevisíveis.
O afundamento grego é inevitável. Se a UE desejar continuar a existir seria uma boa ideia sugerir que a Grécia se retire do Euro, pois mentiu e falsificou contas - ajudada pelo Goldman Sachs - para o integrar.
De seguida a UE deveria cuidar de Portugal, porque se Portugal se retirar do Euro, como muitos sugerem, a seguir será a Espanha, que também não possui uma economia que lhe permita ser competitiva. E mais tarde a Bélgica e a Itália.
The ECB warned that a Greek default could spark "contagion" across Europe, causing Greek banks to implode and inflicting major damage on the big banks in France and Germany. (Guardian)
Creio que tanto o dinheiro que foi entregue aos gregos como o dinheiro investido pelos bancos franceses e alemães na Grécia é dinheiro perdido, por isso trata-se de gerir a situação face a esta realidade.
Parece ser o caos total mas basicamente os alemães têm razão e devem manter a atitude:
Berlin, backed by the Dutch, Austrians, and Finns, have been arguing for weeks that there can be no new bailout of Greece without the country's private creditors being forced to suffer losses on their loans. Otherwise, they argue, European taxpayers will be shouldering the costs while the international banks pocket the proceeds.
The ECB, the European Commission and other EU countries led by France argue that this could pave the way to disaster, with the financial markets decreeing the compulsory "haircuts" on private bondholders a Greek default, a "credit event" that could lay waste to the single currency.
"We are against any sort of default with haircuts and any form of private-sector event that could lead to a credit event or a rating event," Constancio said. (Guardian)
A grande verdade é que os investidores privados, gostem ou não, vão perder montanhas de dinheiro:
Michael Derks of broker FxPro said Greece was "becoming ever more insolvent. Tuesday's latest budget deficit figures confirmed that fiscal consolidation in the country is just plain nonsense."
He added that a Greek banking collapse, caused by a default, would heighten concerns about other highly indebted economies such as Ireland and Portugal, and as a result, the eurozone was working hard to make sure Greece paid its creditors. "Eventually, however, it becomes impossible to stop the financial dominoes from falling over. We may well have reached the point of no return."
The Irish finance minister, Michael Noonan, was reported yesterday to be keen to ensure that bondholders in the bailed-out Anglo-Irish Bank took some losses on their investments. "We don't think the Irish taxpayer should have to redeem what has become speculative investment," he told Irish state broadcaster RTÉ. (Guardian)
A sério?!
Britain is keen to remain on the sidelines, insisting that Greece is purely a eurozone problem. (Guardian)
Muito pouco
The €750bn bailout fund set up last year comprises €440bn in loan guarantees from the governments of the eurozone, €250bn from the IMF, and €60bn from the entire EU in the form of commission borrowing against the EU budget. Britain is liable for part of that third plank. (idem)
Tentar controlar os prejuízos
Default, then, seems to be looming one way or another. The best policy would be to try control the damage by ensuring the impact of the rest of the eurozone banking system is as soft as possible. That assumes, of course, that damage-control is still an option. The point of no return is fast approaching. (ibidem)
Note: we don't think the taxpayer should have to redeem what has become speculative investment.