Crisis Greek
must secure
the European Central Bank
by
Alexander Gerbi
.
L th European constitutional treaty, rejected by the French people in 2004 and then passed in secret by Nicolas Sarkozy and his leftist allies in 2008, consisted of Many clauses unacceptable. In particular the independence of the European Central Bank (ECB). The Greek crisis confronts us with the absurdity of this principle, and its extreme danger.
The euro, until recently, ranged between 1.35 and 1.40 dollars, after having touched a high of $ 1.60 in 2008. Since the various adventures of the Greek crisis, it is only worth 1.26 dollars. Some are worried. Now knowing that eight years ago, the euro currency was introduced in the near parity with the dollar, and then it dropped to no longer argue that $ 0.86 in 2002, which is measured 'at current levels, the euro is quite healthy, despite his recent and still limited, unscrewing.
To help Greece, the European Union, or rather the euro area, particularly France and Germany but also Spain and especially Portugal, are invited to play donors. One way, which means clever, short-circuiting the small game "that the rating agencies. Solidarity touching, but strange when you know that Spain and Portugal are pretty bad, and threatened the very formidable degradation by rating agencies based on Wall Street, also the starting point of the global financial crisis ...
At this point, a question arises: at what level of emission of value without consideration (that is to say without treasury bonds in exchange, unlike the usual practice) it would cause the ECB devaluation of the euro comparable to the Greek crisis has caused so far, ten to twenty cents?
other words, if the ECB was not independent, Nicolas Sarkozy, Angela Merkel and their partners in the euro area could be ordered Jean-Claude Trichet tens and probably hundreds of billions of euros to start, without fear excessive devaluation of the euro market. This would mean that France, Germany and their partners in the euro area are committed to not only inject the money in the rescue of the Greek state, but also to launch major operations throughout Europe (eg in the construction of nuclear plants, wind farms at sea or giant solar panels in the Sahara), and most extensive political education and social development in the direction of Africa. With the goal, particularly in several countries supporting this pilot project, to educate the next ten years 100% of youth in conditions that until now, benefit only a small minority bourgeoisie. So, if the operation is successful, it could be extended to all African people so that they benefit as soon as possible, and in fact, the same standards as Europe in the fields of academics but also social. To help them to become, finally, state stable and solvent markets.
course this financial windfall, without compensation other than corporations, secured by the policy and permitted by the imposition of the ECB, should be used with the constant concern that every euro is injected creator of wealth or well-being and / or equipment, according to a carefully costed and respected. If money is strengthened by the issue provided by the ECB rather qu'amollie and ultimately dangerously devalued. No way to know the syndrome of Spain and torrents of money from America, a few centuries ago. For such is the pitfall, well known to economists, the use of "printing money" ...
European markets to stifle both globally and demographically overequipped low. They reached the point where the curves intersect the saturation, certainly relative market and slumping inherent in human birth rates European raging for decades. Africa, with its immense natural wealth and its great dynamism population offers the prospect of new markets. At the same time, the story of his release by Europe (as part of the alleged "colonization") and neo-colonialism, after centuries of withering against the Negro from slavery to colonialism through racism " scientific "fact merit aid to the continent exceptional in its scope and, if we dare say, for his mind. To finally hold the promise of universal civilization, nurtured in all facets of human genius, from the ancient wisdom to the modern Enlightenment.
Rupture of Europe with orthodoxy monetary liability by the ECB in the absolute political power, would, releasing vast resources confiscated so far, opening the way for a revolution which might be the largest in the history of humanity. By making a financial clout to European states that the singular behavior of international markets and rating agencies put U.S. bears at odds.
So do we prefer to let slip the euro, even if, ultimately, to see him dismantle and remove the pretext - what a paradox! - To preserve by scrupulous observance of principles and suicidal perfectly contestable? On the contrary, would it not be better to use now this wonderful tool called the euro, still largely preserved at the moment, to revive the European economy and develop the great natural partner of Europe is Africa? Economics and money should not they first be considered as instruments available to the policy in favor of well-being of the people?
But such approach would require courage and above all freedom of thought regarding of all dogmas. Qualities that have long been sorely lacking in the political staff of the old continent, and lead us to the grave ...
Alexander Gerbi
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