El Primer Ministro de Portugal se resiste a la presión de abandonar la soberanía y de caer en manos de FMI/UE.
Toda la eurozona enfrenta la bancarrota si las deudas fabricadas por los bancos no se resuelven pronto!!!
Plan de UE para el 2013 será demasiado tarde … España, Bélgica e Italia están acercandose al desbarrancadero!!!!
Ministro Exterior portugués Luis Amado han dado a entender que saldrían del EURO!!!
- La Canciller Angela Merkel maniobra a Portugal a la pérdida de soberanía y a la caída económica.
- Los comentarios de Merkel han ayudado a empujar la deuda de Portugal a niveles insostenibles, indica la consejera económica del gobierno alemán, Beatrice Weder di Mauro
- No se ha puesto ningún mecanismo para restructurer la deuda, aunque sea urgentemente necesario, dice Weder di Mauro
- Los alemanes y franceses presionan a Portugal el fin de semana para hacerlo aceptar el control de FMI/UE sobre su presupuesto, y una brutal depresión deflacionaria
- Los beneficiarios: bancos y aseguradoras alemanes y franceses.
- Ministro de Finanza alemán indica que fondo de transferencia de la unión se expandirá, en contra de promesas previas: estas transferencias ponen a todos los contribuyentes de Europa a responder por las deudas astronómicas de reserva fraccional bancaria
- El Primer Ministro de Portugal se resiste a la presión de abandonar la soberanía y de caer en manos de FMI/UE
- Figuras claves como el Ministro Exterior Luis Amado han dado a entender la idea de salir del euro
- España, Bélgica e Italia están siguiendo la línea
- Toda la eurozona enfrenta la bancarrota si las deudas fabricadas por los bancos no se resuelven pronto; plan de UE para el 2013 será demasiado tarde
*reestructurar sus deudas por sí mismo sin esperar el plan UE de 2013
*salir de la eurozona e imprimir dinero sin deuda, para evitar tener que pedir prestado a los mercados financieros internacionales
La Profesora Beatrice Weder di Mauro, Economista y miembro del panel consejeros económicos del gobierno, advirtió que se tienen que poner mecanismos para manejar la insolvencia de los estados de la eurozona, si se quiere estabilizar la union monetaria que actualmente enfrente una crisis sin precedentes, según reporte del WirtschaftsWoche. http://www.mmnews.de/index.php/politik/7079-europaeischer-waehrungsfond-soll-schuldenprobleme-loesen
Weder die Mauro dijo que los planes de “incluir” a los tenedores de bonos en la “reestructuración” iban por buen camino pero demasiado tarde para la eurocrisis que agobia la eurozona, al volver al mercado de bonos los países llenos de deuda.
Tambien acusó a la Canciller Ángela Merkel de empeorar aún más la crisis del euro al poner planes para una reestructuración para 2013. Esto dificultó que Portugal accedierqa al mercado de bonos antes de la venta clave del miércoles. “Semejante anuncio [de hacer que los creditors privados paguen en 2013] hace los problemas aún mayores en el corto plazo”, dijo.
Portugal está por sacar 1,25o billones de euros en bonos el miércoles, pero vio sus tasas de interés a 10 años despegar al record de 7.19 % el viernes 7 de enero, más de un punto porcentual que a inicio de diciembre, y mucho más de lo que puede pagar.
Si Portugal no logra atraer inversionistas el miércoles 12, la crisis de la eurozona se profundizará y pasará a España, el siguiente país a ser echado en manos de FMI/UE a provecho de los bancos.
Políticos portugueses han estado discutiendo la opción de salir de la eurozona, y deberían hacerlo, tras reestructurar y escribir su propia deuda nacional, sin esperar a UE.
Merkel es miembro del grupo Bilderberg, una red no estructurada cuyo rol se ve más y más en fabricar la crisis bancaria y la destrucción de los estados para provecho de los bancos, al encajar a los gobiernos enormes deudas nacionales fabricadas por los bancos, por medio del sistema de reserva fraccional. …
Weder die Mauro dijo que se deberia instalar un marco que permita a los países entrar a la insolvencia cuando alcanzan cierto nivel de deuda. Pero no hay rastros de que tal mecanismo de default esté siendo preparado por UE, dejando a Portugal con pocas opciones, a menos que China o el ECB compre sus bonos el miércoles a tan insostenibles tasas de interés
Traducción Claudia Calvo - Costa Rica – enero 10, 2011
Por El polvorín Blog -
- Germany‘s Chancellor Angela Merkel manoeuvres Portugal into loss of souvereignty and economic meltdown
- Merkel’s remarks have helped push Portugal’s debt to unaffordable levels, indicates German government economic advisor Beatrice Weder di Mauro
- No debt restructuring mechanism in place though urgently needed, says Weder di Mauro
- Germans and French pressure Portugal over the weekend to accept IMF/EU control of their budget and a brutal deflationary depression
- Beneficiaries are German and French banks and insurance companies
- German Finance Ministry indicates transfer union fund will be expanded reversing earlier pledges: transfer union puts all of Europe’s tax payer’s on the hook for astronomical fractional-reserve banking debts
- Portugal’s Prime Minister resists pressure to give up souveriegnty and go under IMF/EU control
- Top figures such as Foreign Minister Luis Amado have floated idea of leaving the euro
- Spain, Belgium and Italy are next in line
- Entire eurozone faces meltdown if bank created debt burden is not dealt soon: EU plan for 2013 too late
*restructure debts on ist own without waiting for the EU plan for 2013
*leave eurozone and print money without creating debt to avoid having to borrow on international financial markets
Economics professor and member of the German government panel of economic advisors, Beatrice Weder di Mauro, has warned that mechanisms need to be set up urgently to manage the insolvency of euro- zone states in order to stabilize monetary union currently facing an unprecedented crisis, according to a report in the WirtschaftsWoche.
Weder die Mauro said plans to “include” bondholders in debt „restructuring“ were on the right track but were too far off to deal with the euro crisis engulfing the eurozone as debt laden countries return to the bond market.
She also accused German Chancellor Angela Merkel of making the euro debt crisis worse by laying out plans for a debt restructuring programme in 2013. This made it harder for Portugal to access the bond market ahead of a key bond sale on Wednesday.
„..Such an announcement [about making private creditors pay in 2013] makes it the problems bigger in the short-term,“ she said.
Portugal is to issue up to €1.25bn in bonds on Wednesday but it saw interest rates soar on 10-year bond record to highs of 7.19 per cent on Friday, more than a percentage point higher than at the start of December and far more than it can afford.
If Portugal cannot attract investors on Wednesday, the euro zone crisis will deepen and move on to Spain, the next country to be pushed into the control of the IMF and EU for the profit of the banks.
Portuguese politicians have been discussing the option of leaving the eurozone and they should do so after restructuring and writing down their national debt themselves without waiting for the EU.
Merkel is a member of the Bilderberg group, a loose network that is seen as playing a key role in engineering the bank crisis and the destruction of states for the profit of the banks by sadding governments with huge national debts engineered by banks using the fractional reserve banking system.
Vienna Economics Professor Franz Hörmann explained how banks can create credit – as well as debt – out of thin air in an interview in Der Standard recently. Tax payer bailouts are, therefore, pure profit as this represents real capital with an exchange value in the real economy.
Weder die Mauro said that a framework should be set up to allow countries to enter into insolvency when a certain debt level was reached.
But there is no sign of any such default mechanism being prepared by the EU, leaving Portugal with few options unless China or the ECB buys its bonds on Wednesday at punishing and unsustainable interest rates.
If there is no mechanism for restructuring its debt, Portugal could be pushed to accept a loan from the the €450bn European Financial Stability Fund (ESFS), the main pillar of a €750bn IMF/EU eurozone rescue funds.
Or it will have to leave the eurozone.
Taking a loan from the fund would put Portugal under the control of the IMF/EU , who are set to implement a brutal fiscal austerity as in Ireland and Greece, resulting in a deflationary depression as the maximum amount of tax payer money and assets are sucked out to give to the banks and insurance companies who hold bonds in Portuguese debt..
The German insurance company Allianz is reported to hold 90% of all ist investments in the form of souvereign bonds.
Also, it was reported that Germany was pressuring Portugal over the weekend to borrow from the ESFS to pay the banks.
The Welt am Sonntag reported that eurozone finance ministers were calling Portugal’s finance minister several times a day to pressure him to accept the IMF and EU loan and their control of the country’s budget.
Bilderberg German finance minister Wolfgang Schäuble also had dinner with Bilderberg French finance minister Christine Lagarde in Strasbourg on Friday on how to deal with the eurozone crisis.
Portugal has insisted that it can resolve its sovereign debt difficulties on its own but now that Merkel and the EU have helped push up borrowing costs to record highs, it is hard to see how unless it quits the eurozone.
Portugal’s Prime Minister Socrates has pointed that the country managed to to reduce the government budget deficit to 7.3% of gross domestic product in 2010 by growing – something it certainly would not continue to do under the brutal IMF and EU budget regime.
The main profiteers of such a „bailout“ are the German and French banks who would be able to use the IMF and EU as tools to strip the country of assets and tax money to keep themselves afloat. Without this stream of revenue, many European banks would face a liquidity crisis and insolvency.
Weder di Mauro’s criticism of Merkel comes as Merkel made a statement for the third time that pushed up the borrowing costs of countries in crisis — Greece, Ireland and now Portugal — without taking any steps to allow those countries to default or restructure their debt.
Plans published by the European Commission last week will reduce tax payers bill for the banks fraudulent fractional reservedebts but only in 2013. This is too late. By this time, the entire eurozone will be under the control of the IMF and EU including Germany itself which is ultimately supposed to shoulder the outstanding debt under a transfer union.
In December, 2010, Merkel and other European leaders made a theatrical show of refusing eurobonds for the general public. Eurobonds will put all tax payers, especially Germans. on the hook for the outstanding bank debt in the eurozone.
But Merkel remained silent when eurobonds were issued by the ESFS in January 2011 even though it is impossible to believe she was not informed by an official in her finance ministry that eurobonds were being issued through the back door to cover Ireland’s IMF/EU loan.
Also, a German government spokesman today refused to rule out increasing the the size of the ESFS.
„Germany may be softening its opposition to expanding the 750 billion-euro ($966 billion) rescue facility for indebted euro nations as investors question Portugal’s ability to avoid tapping the fund. „ reported Bloomberg.
A transfer union is not only unpopular in Germany but against the constitutional. A complaint filed at the constitutional court is due to be ruled on in Spring.
However, German banks like Deutsche Bank – run by Bilderberg Josef Ackermann – need to access tax payer’s money and nation’s assets to rollover their debts and pay out „big bonuses“ to their bosses.
Without the constant revenue from tax payers through one engineered national debt mountain, many European banks risk insolvency.
The Merkel government‘s tactic appears to be to make the eurozone debt crisis worse while pretending to try to help – but to delay the urgently needed new rules allowing for an orderly default until it is too late. This tactic allows the Merkel government to present itself to the electorate as upholding German interests as best it can while being pushed by events out of its control to forcing tax payers to pay worthless fractional reserve, bank paper debts of other countries.
Merkel may be calculating that whipping up a crisis in Portugal and Spain will be the best of way of getting Germans to accept that they have been put on the hook for the outstanding debts of all eurozone nations.
Economist Nouriel Roubini also urged Germany to accept a transfer union to pay the bank debts.
Roubini suggested that the introduction of a transfer union would not cause an economic meltdown in Germany itself, arguing that Germany’s budget was under control – but Germany’s budget will no longer be under ist control in a transfer union because it will assume responsibility for all the outstanding debts in the eurozone, debts it can never hope to repay, leading to economic meltdown there too.
Furthermore, Roubini praised Germany’s tough budget but at the same time urged the country to spend more to stimulate the economy without attempting to reconcile the contradictory approach.
And this is a professor of economics at New York University? Either he does not under economics or he is misleading people and misrepresenting economic facts.
Faced with economic take over, Portugal should leave the euro zone, adopt its old currency and print money without creating debt as China does. Iceland’s economy is already growing one year after defaulting on its fraudulent bank debts.
The alternative is a loss of souvereignty and a brutal depression and the transfer of ist assets to German and French banks with no relief in sight.
Debt restructuring or default and adopting a national currency clearly have to be done together. There is no point in leaving the eurozone with a mountain of debts denominated in euros around a nation’s neck.
Without the engineered AIB bank debt, Ireland has a manageable public debt that it could also service outside of the eurozone easily. The advantage of leaving the eurozone is that Ireland could take full control of ist money system cutting ist reliance on big banks., though Ireland could stay in the eurozone and still function as long as it wiped out the AIB bank debts.