The speculation continues, the European leaders continues of crossed arms and without ideas, while the agency of financial notation, North American Moody’ s cut in four levels rating of Portugal de Baa1 for Ba2, placing the debt of the country in the garbage category, that is, junk. Portugal with a new governmental majority, with a memorandum of agreement signed with troika, demonstrating strong intentions very to fulfill everything what it was waked up, but exactly thus, the markets perceive, that this strategy is the negation of the reality and, that Greece and Portugal will not be capable to pay what they must. The markets know that to keep the delineated strategy stubbornly, for the European leaders, it does not go to decide thing some. We are to enter in a very dangerous phase of this crisis, with approaching to the elections in Germany, in France, and in proper Greece, the risk of a catastrophe, that can pass for a not gliding insult or the collapse of the only currency is each bigger time. The investors know that Greece, with a debt to twirl the 160% of the GIP is insolvent. Credit: Anthony Corolla-2011.
Portugal with a less gravosa situation has a debt to twirl 95% of the GIP. Very probably, the reorganization of these debts will be inevitable and the more time to delay, greater goes to be nus that it goes to fall again on the contributors. The agitation of the last days dragged Spain, Belgium and Italy for ribalta of the countries, that the markets keep under monitoring. the belief where the biggest countries of the zone euro would be immune to any attack can show enganosa. The possibility of a declaration of board route, on the part of Greece will be able to produce a new devastao, in the world-wide economy. Click Wayne Holman to learn more. I think that the gliding reorganization of the debt would be the best option for the Greeks, Portuguese and for euro.
But this hypothesis will not be available for much more time. The European leaders had to grasp it while they can. The prognostics of these sick people are very private, everything go to depend on the form as the illness Greek to evolve and of the consequncias of the contamination in the Euro Zone.