Iniciado por Yo2k1

Traigo mensaje del "otro foro", que me parece importante. Es de uno de los foreros que siempre me ha ofrecido mucha confianza en sus analisis y mensajes, Sardinita en lata.Espero que no le moleste el que lo ponga aqui,pero creo que es importante el hilo que ha abierto:

RESCATE DE ESPAÑA
Damas y caballeros un pajarito conocedor de los entresijos de la Secta saliente me advirtió ayer noche de la existencia de una acuerdo discreto de la Castuza, (pactado hace varias semanas) entre la SD y la SL, según el cual EL GOBIERNO EN FUNCIONES DE ZAPATERO, TRAS EL 20-N, SOLICITARÍA FORMALMENTE EL RESCATE A EUROPA (TAL COMO HIZO JOSE SOCRATES EN PORTUGAL) Y EL FMI Y EL NUEVO GOBIERNO CONSTITUIDO TRAS LAS ELECCIONES RECEPCIONARIA EL CORRESPONDIENTE PLAN DE AUSTERIDAD IMPLEMENTADO, EN EL QUE EL PAPEL DEL FMI SERÍA MUY DECISIVO.

Al parecer EXISTE UNA OBVIA IMPOSIBILIDAD REAL DE PERSISITIR EN LA MISMA SITUACION DE PARCHEO ACTUAL EN NUESTRA ECONOMIA, CON LAS AYUDAS SEMANALES DEL BCE, TRAS LA FORMALIZACIÓN Y ESCENIFICACION PÚBLICA DEL RESCATE A ITALIA DE ESTA SEMANA.

Mi sorpresa ha sido curiosa, ésta misma mañana cuando en la radio en el programa de Carlos Herrera, de Onda Cero, uno de los comentaristas también se hacía eco de lo que denominaba un "pacto secreto". Además, vendría muy encuadrado en la línea de la visita formal de Mariano a Merkel el próximo 1 de diciembre.

Como ustedes saben no soy muy partidario de abrir nuevos temas (y de hecho éste es el segundo que abro en toda mi vida, desde que participo como forero), pero pienso que ahora mismo sí se dan las condiciones necesarias y suficientes y es plausible que se haya decidido tomar la decisión formal de que se escenifique el rescate. Si es preciso muevanlo, o lo funden como un comentario más a PPCC - Pisitófilos Creditófagos - Otoño 2011.

Además, siguiendo las declaraciones de algunos caciques políticos españoles, que son como un faro de lo que sucederá, esto es, cuando afirman negro es blanco, cuando dicen un sí es un no, cuando señalan que es alto es bajo, hace pocos días ZP manifestó que España no necesita ser rescatada y que nuestra economía no está tan mal como la de otros países (como Grecia, Irlanda, Portugal). Por lo que vamos a ser rescatados en un breve período de tiempo, dada nuestra situación económica más grave que esos países europeos.

Un saludo a todos y gracias por sus aportaciones.

ECB Independence Workaround - Lend To IMF And Turn A Blind Eye
Submitted by Tyler Durden on 11/17/2011 09:31 -0500


The political pressure on the ECB (and implicitly the Bundesbank's oh-so-stubbornly sensible and correct bankers) to just-print-baby-print is growing by the hour (or down-tick in BTPs and OATs). The cacophony of long-only strategists, Keynesian central bankers, and desperate (under speculative attack) politicians has perhaps reached a crescendo as it appears (from a Reuters article) that the ECB has found a workaround. By lending to the IMF, who are able to do pretty much whatever they want with regard to on-lending and primary issuance support, the ECB denizens can maintain their tough no nonsense anti-monetization stance while providing a leveragable IMF with more support for whatever leveraged buying they deem necessary (cough France Italy Spain cough). And all this as the IMF scrambles to replace its European Director - what could possibly go wrong?

Reuters: ECB could lend to IMF for euro-zone rescue
Euro zone and International Monetary Fund officials have discussed the idea of the European Central Bank lending to the IMF, to provide the fund with sufficient resources for bailing out even the biggest euro zone sovereigns, officials said.



"Some discussions on this have taken place... It could be one way of getting around the legal restrictions on the ECB," one official with knowledge of the talks said. A second official said ECB lending to the IMF was being explored.



The idea appears as the rising severity of the euro zone debt crisis, which now threatens to engulf Italy, or even France, makes policymakers desperate to get the ECB, with its limitless resources as a central bank, more involved in the rescue efforts to buy governments time for reforms.



Economists say only the ECB now can offer a credible guarantee to markets, as plans to leverage the firepower of the euro zone bailout fund EFSF to 1 trillion euros were unlikely to fully materialise or, even if they do, to be sufficient.



But EU law forbids the ECB to finance government borrowing. The bank has repeatedly said it would not become the lender of last resort to euro zone governments, which should first of all change policies that created large public debt and slow growth.



France has openly called for the ECB to get more involved by issuing the euro zone bailout fund -- the European Financial Stability Facility (EFSF) -- a banking licence that would allow it to refinance itself with the ECB liquidity operations.



Yet Germany fiercely opposes such an idea, fearing it would lead to financing government deficits, endanger the ECB's independence and in the end lead to higher inflation, which would make all euro zone citizens poorer.



ECB INDEPENDENT, BUT HELPING



Policymakers have discussed, therefore, how to get the ECB involved in crisis-fighting without endangering its independence. Lending money to the IMF, rather than any euro zone government, could achieve that, officials said.



"It is just an idea, at least for now," a euro zone official said.



Article 23 of the ECB statute says that "the ECB may conduct all types of banking transactions in relations with third countries and international organisations, including borrowing and lending operations".



The IMF could then use the ECB money to finance various rescue operations in the euro zone like bailouts, precautionary credit lines, on its own, or in cooperation with the EFSF.



"It is doable," a second euro zone official said. Two further euro zone officials said they had heard of the idea.



Money from the ECB to the IMF would also help alleviate criticism from non-euro zone IMF member countries that all of the fund's resources -- which come from all IMF members -- are being used up for the relatively rich euro zone.



To prevent a collapse of the euro zone debt market, the ECB has been buying government bonds on the secondary market, saying it was doing so to improve the transmission of its monetary policy, which highly volatile bond markets were distorting.



It has stressed however, that such purchases were limited in scope and were also temporary -- a half-hearted approach in the eyes of the market.



While it may be designed to keep the pressure on governments to implement reforms, euro zone policymakers privately say it is also the costliest possible way of dealing with the crisis.



"If the ECB told the market it would buy euro zone bonds for as long as it takes, or up to some big limit, who in the market would want to test that? But if they do it bit by bit, markets keep coming back," a third euro zone official said

Salgado dice España no está en zona de rescate

La ministra de Economía española rechazó que el país estuviera en zona de rescate tras acercarse el jueves la rentabilidad de la deuda española a 10 años a la cota del 7%. España no está absolutamente en zona de rescate ... , la sostenibilidad de nuestra deuda está fuera de toda duda, dijo Elena Salgado el jueves en una entrevista con la Cadena Ser.

Iniciado por madmaxtimeiscoming

Olvidaos de supuestos rescates. No lo habrá nunca porque es sencillamente IM-PO-SI-BLE.
Caeremos hasta que nos pare el fondo del pozo.