Greece devoured by the fire

National
The low wages
Greece devoured by the fire
By: Carlos Damián February 15, 2012
The cuttings of government budget
México. - After the approval for the Greek parliament of a plan of austerity that will hit severely the one and the population already in itself same it is miserable, Athens was scenario of violent confrontations between demonstrators and the forces of the order, with a balance of more than a hundred of wounded, 130 detainees, 50 set on fire buildings and more than 150 set on fire stores. The violent social reaction extended to Thessalonica, Cretan and Corfu, among other towns, and the institutional scenario exhibits an open fracture between most of the political class and the citizenship.

It is not for less, that approved by the legislative includes a cutting of 15 thousand employments in the public sector, the flexibility of the labor laws in the workers' damage and a reduction of the minimum wage of 751 to 600 Eurus (6 thousand 842.47 and 673.07 dollars, respectively). The division reached to the most important parties, the Socialist Pan-Hellenic (Pasok) and the coalition right-wing New Democracy, which announced the expulsion of the legislators that they rejected the plan of austerity, 22 of the Pasok, and 21 of New Democracy. It implies it a significant reduction of the governing coalition, the one which some days ago it had an ample back of 252 of the 300 deputies and now they only have 198.

Uncertain and ominous public scenario
In such a circumstance, the Mediterranean nation will cross for an uncertain and ominous public scenario of here to the premature elections, foreseen for April, 2012. The imposition of the package of crash measures demanded by the European Union to avoid the moratorium of Greece’s payments, the expulsion of the country of the eurozone and the grant of a credit for 130 thousand million Eurus is the culmination of a systematic and permanent offensive against the population's economy, offensive that already in 2008 it caused severe disturbances. For more than one decade the European Union, the international financial organisms and the examining ones financial they tolerated the fiscal indiscipline of the successive Greek governments, they turned toward another side before the unhidden corruption and they were made of the turn a blind eye in the face of the growth of the fiscal deficit of Athens.

When the fiscal situation began to threaten the stability of the whole eurozone, the reaction of the transnational financial powers consisted on passing the invoice to the Greek population. It is not the only case in Europe: the economies of Spain, Italy, Portugal, and France follow a course of it not shipwrecking so marked, but similar, in essence, to what happens in Greece. Last Monday (2/13/12) the agency Moody's threw the warning that it could reduce the qualification of France, Great Britain and Austria and it reduced the credit notes, already previously punished, of Italy, Portugal, Spain, Slovakia, Slovenia, and Malt. The offensive the capital against people becomes worse in times of crisis, and with it is harmed it the stability, the governability and the security of the countries.

In Mexico the cuttings have been made similarly for 30 years
The credit Bureau Fitch Ratings went down the qualification of the debt of the Coahuila State to BB+(mex)", it was up in a step. Something argued obvious: their high levels of indebtedness could limit their capacity to fulfill their financial obligations appropriately. "The meaning of the qualification is speculative", it told the signature that also attributed the movement to “the weaknesses and observations as regards information, public debt, administrative, and financial practices of the State", it tells the Reuters agency. According to data of the Ministry of Treasury, last year the debt of Coahuila grew 342 percent, to 2 thousand 434 million dollars, amid a scandal for the presumed falsification of documents on the part of some officials.

There are two employees of the Ministry of Treasury federal detainees, but those responsible for the State government fugitives they continue fugitives. It is not known if a file exists against the former governor Humberto Moreira (PRI) that the PAN’s government could use as canyon against Enrique Peña Nieto when it considers that it is the opportune moment. For practical effects, the relative notes to the debt are scrap. They would not have any value if it was not because an agreement mediates with the accrediting banks, which was attested by the Mexican Association of Banks. And the debt that is garbage is that of the municipality of Zamora, Michoacan. Fitch reduced it at D(mex). He stopped to make a payment of a short term credit hired with the commercial banking for a figure of 14.5 million pesos. In accordance with SHCP, the total debt of the states and municipalities grew last year, 24 percent to 26 thousand 51.8 million dollars. With this time’s bomb so that you want a bazooka.

It has happened this way in ours, for three decades the governments have forced the Mexican population to load with the costs of the successive financial turbulences, so much exogenous as endogenous with what that means: elimination of employments, salary freezing that are equal to net reductions, affectation of the agrarian, and alimentary programs, of health, of housing, of education and culture’s programs. Everything took place in Mexico an unparalleled criminal explosion that one can say that it is an “internal war", just as it was described from 2007 until last year for the main responsible for the current administration. But far from promoting the creation of employments, of offering rescues of the sectors more hit by the crisis and to dignify the conditions of the population's life, it has been opted to spend enormous resources in an effort of contention of the crime rate by means of the weapons. It is necessary to wonder if it won't finish something similar in some scenarios of the old continent. The governments of nations of the South American Continent would have to look at themselves in the Mexican mirror (La Jornada, politica, p.p. 4-8, February 14, 2012).