The economic crisis of Greece

National
A respiration for Greece
The economic crisis of Greece
By: Carlos Damián June 22, 2012
The measures are centered in the cutting of social benefits
México. – The economic and financial crisis that is already prolonged for five years “is in a new phase", Robert B. Zoellick, president of the World Bank affirmed (WB). “It is important only not to recognize that there is a new stage of continuous crisis, but rather political different to the employees are required in 2008” to make it front, he affirmed. What is “critical is to reestablish the trust", Christine Lagarde, director manager of the International Monetary Fund considered (IMF). Zoellick exposed that the solution alternatives to the international crisis should not concentrate in the short term.

The encounter of the G-20 presided over by Mexico, is inevitably marked by the development of the economic and financial crisis that now has as epicenter to the countries of the area Eurus, in particular Greece, Spain and Italy. In the same forum in that they were Zoellick, Lagarde and the Mexican Jose Angel Gurria, president of the Organization for the Cooperation and the Economic Development it participated (OCED). He opened their intervention informing gathered people the result of the election in Greece. "That in a meeting like this it is not spoken of Africa or of Latin America it is good news."

However, the crisis that has transferred its epicenter to Europe is one of the central topics of this meeting of the G-20, the group that joins together to advanced nations and in development. The uncertainty around the development of the financial and economic crisis has to not only done with Greece, but also with the events in Spain. In that country, a rescue of the bank system with European funds, guaranteed by the right-side government that will assume the cost of that debt was not able to attenuate the financial pressures that every day pays more to liquidate the interests of the debt. "We believe that all world knows that this meeting is carried out in a critical moment", Zoellick exposed.

The Spaniards took a great bullet and they wasted it and this country is making what Germany recommended: to make fiscal consolidation, structural reformations, but all recognize that those reformations will take time so that their benefits are seen. They need an investment mechanism and funds. There are basic points where we don't have the answers, Zoellick affirmed. The markets can manage -the risk - and the markets know it. The problem and the risk here is that the elaboration of politicians is what throws uncertainty, said he.
The favorite candidate of the organism creditors is Samaras
In exchange for a rescue of 347 thousand million Eurus, the conservative Antonis Samaras (ACE) he has intended to avoid that Greece abandons the common currency, after having won the legislatives in the last elections. AS has the counted time to fix the direction, to communicate security, and a country fractured in front of the doors of the bankruptcy. According to AS, Greece is played with these elections if it continued in the Eurus or it returned to the drachma; if he had a coalition government or he was left without executive. In spite of the pressures of the creditors, in June of 2011, AS rejected the hand spread by the former first minister, Giorgos Papandreu, and it claimed elections, while the country sank in the total bankruptcy.

It fought against the austerity imposed by the European Union (EU) and the IMF in exchange for a first financial injection that avoided the bankruptcy to the country in May of 2011. But it finished giving in 2011, when seeing the spectrum of the suspension of payments. It granted the support from their party to a new executive directed by the former central banker Lucas Papademos. With the condition that the team of technocrats gives being able to as soon as possible. AS was presented to the Greek citizens as Europhile and nationalist. With a 26 year-old age, he became one of the Greek Parliament's younger deputies, and when becoming an entire promise of the conservative party.

Former minister of External Relationships, the government abandoned it in 1992 when pleading for nationalist positions in the dispute on the name of the neighboring Macedonia, and he made lose most to the conservatives. Their detractors in the right-side consider that it betrayed his and it was irresponsible in front of the geopolitical challenges of the country. The case is that he found difficult to be forgotten up to 2009, when it was made with the presidency of a New Democracy in crisis, to the one that had returned before four years. From then on AS has not stopped to harden its political positions.
A break for Greece
State bosses, presidents and first ministers of the nations that integrate the Group of the 20 meet two days in Los Cabos, Baja California Sur (BCS). In the meeting of the G-20 where they joined to discuss economic problems that they suffer Europe, because the attention of the concurrence is focused in the economic crisis that takes already five years, and they have not been able to leave. Zoelick is missed since when taking Spain, a hundred thousand million Eurus (in available resources) and those changes to a negative history. That is tremendous. The execution was bad, nobody knew from where the money came, or which the subordination was (how it would be counted in the public bill), or which the effect of the debt was. There are basic points where we don't have the answers, the president of the BM affirmed.

The voters in Greece had to choose between the right-wing New Democracy and the party of left-wing Syriza, in other words they had to choose among a thief and a schizophrenic. It is considered to New Democracy a thief, to be part of the corrupt political class that took to the country to the financial crash, and to Syriza a party of crazy for their energetic opposition to the rescue imposed by the troika: UE, BCE, and the IMF. For narrow margin the thief won. In this history of economic crisis that spends to the cutting of social benefits to the hard-working town of Greece, they will have more suffering and a small respiration. (La Jornada, política, p.p. 10 - 28, June 18, 2012).