THE.CAT WISHES THE BEST TO THE EUROZONE, ITS SUPPORTERS AND TO THE UK

English: David Cameron's picture on the 10 Dow...

RIGHT TO DEFEND THE CITY ... BUT WRONG IN NOT REALISING THAT HE SHOULD HAVE BEEN MORE DIPLOMATIC IN ASKING FOR THAT! IF ONLY HE HAD PUT LONDON FINANCIAL POWER TO SUPPORT THE EURO I AM SURE THAT THE REST OF EUROPE WOULD HAVE BEEN HAPPY TO GIVE PRIVILEGES TO THE CITY!

As Christmas is approaching I think that I won’t be able to connect oft to this blog of THE.CAT so that it can happen that this is one of the last posts of this blog. So as I have been writing these last months about the euro I just want to end by wishing the best to the countries of the eurozone. I also want to congratulate the rest of countries that are outside the eurozone that also supported the deal for fiscal union that David Cameron rejected. To end let me say that whatever happens between the UK and the rest of Europe, THE.CAT will always love and admire the UK. In the same way that I love and admire Germany and France. It is a disgrace what has happened. And I do not blame only David Cameron. I also blame Nicolas Sarkozy and Angela Merkel. My solution would have been a compromise: to let the City of London keep its position (as Cameron rightfully wanted!) but with the compromise that the City (AND BRITAIN IN GENERAL!) would be the great defendors of the euro outside the eurozone! It is crazy to think that the rest of Europe would have wanted to accept privileges for the City of London when most attacks to the euro come from London! (Financial Times, …)

With the agressivity of David Cameron and the arrogance of Nicolas Sarkozy nothing good can be expected. Shame on both!

Anyway, Happy Christmas to everybody!

NOTE: The background of 500 € notes is here for two reasons: first because in this blog I have written a lot about the euro crisis so that putting euros as background seem to me quite related. Secondly I put 500 € notes and not just 5 euro notes or coins to give a sense of wealth … a sense of wealth that it is irreal … as it has happened in some parts of the eurozone where the standards of living have been high at the cost of enormous debt increase! So it is an ironic background: just a mirage of current Europe.

EUROPE SHOULD NOT BE ISOLATED FROM THE UK

Sarkozy should have realised that Cameron was right in asking protection for the City but Cameron was
wrong in not putting the City as a place to SUPPORT – AND NOT ATTACK – the euro. Shame then on Sarkozy and Cameron. The bad relation between these two men I think is bad for Britain and also for Europe! The disagreement is only good for those who hate the other side of the Channel. I like London and Paris. I dislike Sarkozy and Cameron lack of chemistry.

SARKOZY AND MERKEL RECEIVE THE SUPPORT OF THE.CAT

Each day we see Nicolas Sarkozy and Angela Merkel on the news. A lot of times we see them surrounded by other people but I am afraid that at the end of the day they may feel quite alone. If Angela Merkel could tell the world all her feelings during tese terrible times I think a lot of people would like to read her words. If someday Angela and Merkel write their memories it would be nice they did that together. Unfortunately it may happen that we the Europeans in the future cannot even buy such memories.

So in this post I want to show my support for Angela Merkel and Nicolas Sarkozy. I do not agree always with what they say or do but it is obvious they are the two Europeans with the most difficult work. What they do will affect not only millions of current Europeans but also the future of future Europeans!

I just hope that all the things surrounded both politicians is Ok. A good mattress, a good room, good food.

Some centuries ago the future of Europe was decided by Kings and Queens. Now our future depends on people like Angela Merkel.

I wish them well.

A CLUB OF FORGERS UNITE TO SAVE THE EURO

“Brussels, December 2011

Today something quite strange will happen in Brussels. Forgers from around the eurozone and abroad will meet to try to save the euro by just forging milions of them.

The idea behind this unusual meeting is to join efforts from the bests forgers of all Europe anc create milions and milions of 500 euro notes. Forgers from one country alone cannot do that but they believe that if all forgers of the eurozone unite they will be able to create euro banknotes so similar to the real ones that nobody will see the difference. One the notes are created the forgers would buy millions of bonds from eurozone countries in trouble and in this way save the eurozone from collapse.

Nobody has idea why the forgers want to do what the ECB does not exactly currently do. Some suggest that that all this about this unusual meeting is just propaganda in order to make the eurozone see the urgency of the times”

This is a narration created by THE.CAT. Any coincidence with reality would be just just coincidence …

L’ALDEA, AN EXAMPLE OF WHAT MAY HAPPEN IN EUROPE?

In the south of Catalonia the river Ebre reaches its end. In that part of the country, there is a town called L’ALDEA. It has about 4000 citizens and now is news because about 3000 thousand of them cannot get their cash from a COOPERATIVA of the village.

We do not know yet what has happened with this cooperativa but the fact that people cannot get their money reminds me of the CORRALITO in Argentina.

All this could just end as the story of a local tragedy in a little village somewhere in the south of Europe but unfortunately this case of L’ALDEA makes me realise that in some way what has happened in L’Aldea is more or less what I am afraid of for the eurozone: that a tragedy comes to the eurozone and we cannot get our cash. This is just a fear that cases like L’Aldea do not help to put away.

One can have money in big banks whose bosses are unknown to us. One can also have the money in a place where you know each other. A cooperativa would seem a place that it is closer to its members. So what has happened it is terrible because as there is not trust in the banks it is terrible that such a place as a coopertativa also fails society.

I wonder what will happen next. Not all should be bad things. From this case solidarity from the rest of the country could be a nice thing to happen. Nonetheless I am afraid that the case of L’ALDEA could be the iceberg of the falling of other cooperatives. It is to soon to know what may happen but I imagine that if you have your money in a cooperativa now you could be more worried that before. I am afraid that a domino effect could happen. People could also start changing money from one bank to another.

Hopefully L’ALDEA could be an isolated case but the fact that this is happening at the same time that the euro is in its worst situation  speaks volumes of the bad times in this part of the world.

NICOLAS SARKOZY, DECEMBER 1ST 2011

Today Nicolas Sarkozy will make an speech. In some days Angela Merkel will do a speech too. As Germany is the powerhouse of Europe it may seem that we should wait to the speech of Angela because Nicolas Sarkozy is not the one at the top of the eurozone. But I think this can be a mistake because in some way all people who do not like Germany to be the one to say the last word will listen to Nicolas just wishing he says something hopeful.

The eurozone without Germany would not be the eurozone we know but the opposite is right too. A Germany without the eurozone would not be the Germany we know.

I see Nicolas Sarkozy now as a center piece in European politics because Merkel can be the master of the eurozone but Nicolas now may represent more the majority of hte eurozone feeling.

The problem of the eurozone is not only that the south spend too much (buying German products too, French high speed trains, etc) The problem is that we all made a mistake! The German and French banks gave a lot of money to the south! So, who is more guilty? The south for spending a lot or the north for having given too much lending to the south?

I think that one current problem is that all is getting too simplistic. The cucumber crisis showed that the Germans easily blame the southerners when things go wrong. I think this is too simplistic. The eurozone is made of 17 countries and I doubt that blame should not be shared. In fact the situation is so bad that we should care more about solving the situation than blaming each other.
One of the reasons of all this trouble is that people in the eurozone love their countries. So that Germans stay in Germany, Italians stay in Italia, etc. We just go to other countries as tourists! As we have not a common language (TO BE ADDED TO THE OTHERS SO THAT WE ALL ARE AT LEAST A BIT, JUST A BIT, BILINGUAL!) people stay at their countries.
So that now we do not learn from each other! If a lot of Germans were living in Italy or a lot of Italians were living in germany, etc now it would be easy to agree between us! But we have built a Europe that is a union of states that do not unite.

Anyway, let’s wait to Sarkozy to talk today …