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lunedì 20 luglio 2015

The consequences of the plan greek

Greece tries to start again, albeit slowly, after weeks of closure of banks, the referendum and the difficult compliance with the new conditions imposed by Berlin. In exchange for the financing of 86 billion euro, which will take place in three years, there are harsh measures authorities and restructuring measures in the Greek economy, considered much heavier than those studied before the referendum. Tsipras emerges as a leader who has risked so much and has basically lost the game with Brussels, weakening, apparently his position inside the country greek. But this is a feeling that is belied by the polls, that accredit the party of Prime Minister 40% of the vote, which would mean an absolute majority. This is the situation of the weather at the time, but in the case of elections, possibly in the fall, will be critical to note whether the government will be able to make appreciable progress in the condition of the population. For now Tsipras seems to have taken a more responsible, accepting the plan of aid proposed by Europe. This is certainly a plan that can not create an increase in the gross domestic product, as required for the country to overcome the crisis, but, rather, another attempt to recover time. The intentions of the greek prime minister have never been ones to exit the European single currency, but to set, on a new basis, the relationship with Brussels, opening a path that would allow broad derogations to the rigidity of the budget sought by Germany. Tsipras believed power practice this way because he hoped for a firm support of several European countries, but has been virtually abandoned by the majority of members of the Union, except for France, Italy and Cyprus: too little to hope to undermine the influence German. The failure of this project creates legacies that still does not seem quite thoroughly investigated. First, the anti-German sentiment in different parts of the European countries is a huge factor in growth, even in the country that have supported the German line in negotiations with Athens. This aspect, which is found in similar amounts in the anti-European and in favor of a Europe set in a different way, is likely to weld different political tendencies, and even contrary, and lead to the election results completely adverse to the euro and the EU works with rules designed and implemented only from Berlin. Without a change of German, that does not seem possible at the time, the European Union itself seems increasingly fragile and held together artificially. A direct consequence of humiliation of Greece was, even if only at the diplomatic level, having imposed on France an almost total defeat, which it clearly undermines the relationship between Paris and Berlin. It is a scenario which has become, despite denials and speeches of circumstance, which is an element of further weakening the European institution. If the two major countries of the single currency collide, will be affected in all future decisions, which are subject to delays and discussions harmful to the balance of Brussels. There is, then, the question of the opportunity lost to be able to revive the continental economies with the introduction of policies that will stop the hard budget constraints and invest in growth. The agreement greek says clearly that there is this possibility, it may be, at least in the medium term, condemning asphyxiated European economies to be still deprived of an adequate level of investment needed to create jobs and prosperity. All these factors combined with the chronic lack of solidarity, will then be considered in an appropriate way at the time of the possible winning of political groups opposed to this approach, which will only ask of these developments. Meanwhile Greece, despite having received aid, has averted expulsion from the euro, which will always occur at any time. Without an adequate restructuring of its public debt, Athens can not implement the decisions necessary to grow financially, because spasmodically committed to repayments inadequately dilated over time. It is a situation that had already occurred during the previous aid schemes and that every time the condition has aggravated the debt of Greece. This, which is nothing but an aggressive, flag as the conditions imposed could have as its aim to make the country fail to impose its exit from the euro. The German Chancellor has already said that the cut debt greek can not take place within the monetary union, but that may be sought by alternative measures, such as the deferral of repayments and conditions more favorable interest rates. Again elements that can support the claim that the European Commission had already drawn up a plan to exit from the eurozone, a prelude to expulsion from the Treaty of free movement and probably the European Union itself, decisions thwarted by discreet American intervention, definitely Contrary to this hypothesis, the political implications that could develop.

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