WHO RULES THE ECB? DRAGUI OR THE BUNDESBANK?

I am very angry with the way the things are going on with respect to the EUROPEAN CENTRAL BANK. I have the feeling as if the ECB was ruled by crazy children!

During weeks the Spanish risk premium has been over the clouds. Yesterday Mario Dragui said that the ECB will be needed to save the euro and the Spanish risk premium made a drop of 50 points!

But this morning the Bundesbank has said something in opposition to Dragui words so now the Spanish risk premium has increased again!

Leaving apart that we can be angry with the Bundesbank or Dragui or not one thing is clear: EUROPE IS ACTING IN A CRAZY WAY!

It is crazy that mario Dragui says one thing and then the Bundesbank says another thing! This brings uncertainty!

So, let the BUNDESBANK AND GERMANY rule Europe as if they were the new invaders of Europe again or let MARIO DRAGUI have the last word and let the BUNDESBANK shut up forever!

One thing is clear for me. Id Spain has to pay more for its debt because the BUNDESBANK is contradicting the president of the ECB then I won’t buy any GERMAN PRODUCT!

If the Bundesbank is going to rule Europe then I want to have a vote and be able to choose the next chancellor of Germany. If I cannot choose the next cancellor of Germany let hten Mario Dragui rule the ECB!

In any case, I am going to write a list of German products I could boycott if the Bundesbank continues interfering with Mario Dragui words.

It is true that in Spain we have been doing things quite wrong but it is also true that german banks had no problem whatsoever to lend us money too. Germany has an interest to rule Spain from Berlin because Spanish banks owe money to German banks so a total bailout of Spain would mean more control of Spain from Berlin.

Volkwagen, Opel are some of the first German brands that come to my mind. It is crazy that I should boycott German products as I have German friends but I cannot accept that the Bundesbank rules the ECB. Mario Dragui is the one to rule it.

SPAIN ON THE BRINK OF COLLAPSE

Spain is heading to disaster.

Once that said, let me point out that, in contrast with my initial feelings, I have been able to take advantage of this terrible time.

Instead of being nervous and unhappy I am learning to enjoy the present. When you think that tomorrow can be worse than today it is time to enjoy the present.

I do not know how will all this of the eurozone and Spain will end but I have learned to accept to relax and to try to act with all the wisdom I can.

Bye, bye for a while …

BACK TO SPAIN …

Some hours after we knew the results from Greece I realised that it was time to write again about what I was writing these last days. No just Greece but the problems we were having in Spain. And so I thought to write a post with the title BACK TO SPAIN.
Unfortunately it is not only the posts of THE.CAT that return back to Spain … The eyes of the markets have returned too back to Spain!
Some minutes ago the Spanish Premium Risk was 665 points!

So I feel like crazy. These lasts days I have said that Spain should immediately cut civil servant wages (AS CATALONIA HAS ALREADY DONE!!) and increast VAT. The Spanish government said NO to that! And the worst of it is that it gave no reasons to say not.

I am very angry with the Spanish government. It is obvious that the markets do not trust Spanish government! If I was an investor I would not trust Spanish government either! How can anyone trust a government that rejects the advice from Europe that says CUT WAGES AND INCREASE TAXES and you do not do nothing! IT IS OUR RESPONSABILITY TO DO WHAT IS NEEDED! IT IS CRAZY THAT WE HAVE WAITED TO BE TOLD FROM OUTSIDE. AND TO ADD INSULT TO INJURY NOT ONLY WE HAVE WAITED TO BE TOLD … WE NOT EVEN DO WHAT WE ARE TOLD!

I know that if Spain is intervened a lot of people in Spain will be angry but I am so fed up to be ruled by a government without a credibility that I prefer to be in the hands of Angela Merkel! How sad to say that! But the Spanish government lcks so much credibility that it is better to be intervened! I WANT TO BE RULED FROM BRUSSELS! I DON’T WANT TO BE RULE BY A MAN THAT SYAS THAT SPAIN WILL SURVIVE AND AT THE SAME TIME DOES NOTHING FOR IT TO SURVIVE!

I am so frustrated with Spanish politicians that I prefer to be under the rule from Berlin. How sad to say this! How sad to say this!

SOS EUROPE! SOS EUROPE! SOS EUROPE! PLEASE INTERVENE SPAIN! PLEASE INTERVENE SPAIN! PLEASE INTERVENE SPAIN! PLEASE INTERVEE SPAIN!

IT IS NOT POSSIBLE THAT TO MAKE HAPPY THE SPANISH CIVIL SERVANTS THE SPANISH GOVERNMENT IS PUTTING IN RISK A WHOLE COUNTRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! IN CATALONIA WE CUT THE WAGES OF CIVIL SERVANTS. IT IS CRAZY THAT WE DID AND SPAIN NOT AND LESS WHEN EUROPE AND IMF AND THE RISK PREMIUM GIVE NO OTHER OPTION!

IT IS CRAZY THAT THE SPANISH GOVERNMENT IS ALWAYS WAITING FOR THE LAST MOMENT TO REACT! THIS IS AGAINST SPANISH CREDIBILITY!!!

LOOK AT GREECE. SARAMAS SPEAKS ENGLISH. PAPANDREOU SPEAKS ENGLISH. HERE MARIANO RAJOY DOES NOT SPEAK ENGLISH. PLEASE EUROPE. INTERVENE US!

WHAT DOES THE UK AND FRANCE THINK ABOUT AN INTERVENTION OF SPAIN?

Molière and Shakespeare remain quite silent about a possible intervention of La Mancha of Don Quixote and the rests of lands around La Mancha.

We read in the news that Japan finds that Spain has a fatal arrogance by not asking a bailout. We also read that there are romours that Germany is putting pressure in Spain to ask for a bailout.

But as far as I know FRANCE and the UNITED KINGDOM remain silent!

So, this is a bit sad because it is as if SPAIN was just having a private dance with GERMANY. And the rest of Europe were just simple expectators!

It says volumes about the strength of Germany that it can tell Spain what to do (secretly) and we may like that or not but we do not get crazy about that. It does not sound so strange that Germany says something.

But be aware that pressure from France or the United Kingdom will be nonsense. “Who are they to tell us what to do? would be the first thought in Spain. But with Germany is different.

So this is strange because these lasts months a relation of love/hate towards Germany has been created between some eurozone countries and Germany. It is as if we were very afraid of Germany ruling our lives and at the same time we would love help from Germany.

But as Spain is news around the world for a possible bailout to its banks I have not heard a voice from France or the United Kingdom.

It is as if France and the United Kingdom wanted to remain neutral.

In Portugal people are afraid that Spain may need a bailout because they fear this would bring more problems to Portugal that has already been bailout.

France is also silent but I am sure that a possible bailout of Spain cannot be welcomed in Paris. Spain and France share the wonderful Pyrenees and if Spain is intervened this means that France is closer to the problematic side of Europe.

The United Kingdom and Spain have a history of confrontation for the domain of the seas some centuries ago. But there is also some love. I WILL NEVER FORGET GEORGE ORWELL. HE CAME TO CATALONIA TO FIGHT FOR THE SPANISH REPUBLIC. And myself, I feel so much admiration for the British. I like England and Scotland very much.

I forgot to mention ITALY. I have the feeling we in Spain are now unhappy with Italy. Some months ago Italy seemed to be in a worse situation that Spain and now we see that Italy is not news and Spain is news everywhere. In any case it is the feeling that the Italians are like brothers that we may feel a little sad that we are the ones now in the bad position.  It is bad news that we are worse than Italy but it will be still worse than Italy and Spain were both bad news. So I wish the best to Italy. What a wonderful language and what nice people I know from Italy.

Some decades ago Spain was a dictatorship. Europe was one thing and Spain was another. SPAIN WAS DIFFERENT. Now, if Spain is intervened I am afraid we return back to the dark ages of Spain.

I would like that, as in a miracle, I could now meet all the people I have known from Europe. What would they tell me? France is now silent but I am sure that my French friends would tell me something. Now I almost want to cry as I remember the sweetest people I have known from France.

Sometimes I think that the problem we had in Spain is that the change from pesetas to euros was quite a change. What is was 1000 pesetas then it became 6 EUROS. So we had the feeling that everything was cheap.

All the world is currently looking at Spain and wondering what we are going to do next. Mariano rajoy, the president of Spain, must do something that people in Spain can understand. To resist is easy to understand.

Maybe people in the world begin to think that Spain is been crazy as it does not ask for a bailout. Today I read that Cyprus may ask for a bailout. So it seems as if the most normal thing to do is to ask a bailout when you need it.

But Spain cannot ask for a bailout. It is not because it is too proud to do that. it is because if Spain does not ask a bailout it can feel as a basic part of  Europe. And a basic part of Europe cannot ask for a bailout! A basic part of Europe must be a place where other countries can rely on.

Spain, in not asking a bailout, is not been a fatal proud country. It is showing to Portugal and France that we will do all we can so that they can have the good news of not having a neighbour that has a bailout. In the case of Portugal that is important because if your country is bailout and the country next door is also bailout then you seem like been far from the wealthy part of Europe. And for France it would always be better to have countries that are stable. It would be very bad for France to have in the north a neighbour that hates the euro, a neighbour in the east that just is the one to obbey and one in the south that cannot be of any help at all.

So, when Spain does not ask for a bailout it is paying a high price not just for Spain but for the image of Europe and for Portugal, France and even Italy.

If Spain asks for a bailout then the who says that the next is not Italy and then even France as the domino effect goes on and on?

Spain should set an example. No big country in Europe should in fact be allowed to ask for a bailout! If a country goes bankrupt then it should take responsability for that.

See what has happened in Greece. There is a bailout and are the Greek happy? Not at all! Money from Europe is going to Greece to pay the debts they have and Greek are not happy. In fact extreme parties have been born? This is what Europe needs in Spain?

The Greek experience tells us that a bailout can be bring chaos. So I think that the idea of Mariano Rajoy is not so bad! First, we have no demonstrations in the streets asking for a bailout! Resisting a bailout makes Spaniards feel stronger and better. That is what Europe needs!

Some decades ago the dictator of Spain close the border of Gibraltar. That was a very big mistake because it made the people of Gibraltar to be more closer than ever. So I think that with opposing th ebailout is the same! It is obvious that without a bailout Spain is in a very hard situation but this resistence creates the right atmosphere to fight all together for one cause! If we have this problem in Spain now is because until now we had been very individualistic!

This crisis has told me that even if one is individualistic by nature it is important to care a lot about the society and institutions that are related to you.

THE.CAT does not want to be a slave of EUROPE. So I do want a bailout …

EUROPE COULD BUY SPANISH REAL STATE

I don’t understand why the surplus of real state in Spain has not being used to seduce people from Europe to come to live in Spain. Spain could have the opportunity to solve a bit the real state surplus and at the same time it could create a kind of LITTLE EUROPE in Spain!

As far as I know there is no a place in Europe with a lot of people from all Europe. Maybe only cities like London, etc have people from all over the world.

My idea is to seduce Germans, French, Italian, Greek, etc to come to live in Spain!

In this way Spain would become more competitive because Spain would be a place to find a lot of people speaking the languages of the eurozone!

If Europe want to succeed it is time that we move between our countries! To be German, Catalan, etc should not mean you live in Germany, catalonia, etc. It only should mean that you are related to the German culture, the Catalan culture, etc …