With the independence of Catalunya what will be done with the Spanish debt held by the Bank of Spain and the European Central?
A few days ago an enraged González Pons threatened the representative of Estonia because that country will be the next who will preside over the EU for six months (July to December). And it frightened saying that the CATEXIT be worse than the BREXIT.
And not without reason ...
First, because the United Kingdom will not leave anyone destitute and second because the English do not belong to the Eurozone ...
There are 320 million people in the euro zone , of which about 7.5 million are Catalans. A irrisorio 2.2% . But ours.
The European Central Bank came up with saving the euro countries by buying debt, a whole arsenal of more than 1.2 trillion euros:
The European Central Bank with contributions from their states, ergo inhabitants, has 1,254,212,000,000 in sovereign debt. Papelitos by one day should charge (though I doubt it ...)
When Spanish politicians release that that "independent Catalunya will be expelled from the EU and the euro" always think that the European body could be the case (hopefully), but the euro see it very complicated because even depends on Catalunya having that currency or not.
I remind you that Andorra, Vatican City, Monaco and San Marino also use the euro even though they are not members of the European Union, although this permit.
And Montenegro, Kosovo and San Martin do so without formal agreement.
Then there are plenty of countries with currencies linked to the euro and fluctuation ± ...
Catalunya could create a currency peg to the euro and cohabited with this.
But in any case, If the EU and the Eurozone treats us as a state and throw us out of the euro, please return what is ours.
Since 2013, Spain has collaborated with some 1,000 million to the ECB , part of that money has come from taxes Catalans.
And you will wonder how can a bank with a market capitalization of around 11,000 million euros has bought debt worth 1,254,000 million euros if they are 100 times more ...?
Because you have to crank the machine to make money, because they have invented money ... have turned the Monopoly true ...
Obviously this has made depreciate the euro and that money has lost value.
Sure many of you believe that devaluation of the currency has not noticed ...
In the world of the economy everything has a price and the host will come ... and who have own currency will survive better ...
Well, all this to say that Catalonia, the Catalan people will be holder of 2.2% of the sovereign debt of eurozone countries, Some 25,000 million euros.
Said clar i català, if we throw the euro should give us 25,000 million. Accustomed to give the handle, it is not much that amount, but Catalunya is a very important bill.
The chances that we give, NO, but it can serve to negotiate other economic issues.
Eurozone may say that "Spain without Catalonia" is the successor of all property and rights. Ok, since it is also the debts ... A perfect case would be that the interests of Catalonia.
Okay, once talked about the debt the ECB's turn to the Bank of Spain ...
all Spaniards and Catalans are all holders of 18.7% of Spanish debt. You see, if we add to that percentage 16.2% which is the ECB, it is that public money owns almost 35% of sovereign debt of the Kingdom of Spain ...
Okey, if the Bank of Spain has about 200,000 million pieces of paper with Spanish debt that means about 35,000 million for our citizens of Catalonia.
So of course, the Catalans, like the Spanish, are -and owners beneficiaries- public debt of Spain.
So, if there is division of property and debts should be deducted that amount from the total amount.
The hubbub and negotiations are so complicated, especially if Spain will never recognize us as a state, that the most normal thing is that Spain will stick with its debt and be rescued by the EU ...
Let 's be honest, the European Central Bank has stuck with that debt never to collect it .At the end of the day only they had to give the maker notes and sink the profitability of savings European retirees.
When a few weeks ago was the US Government, the real reason was to seek buyers exclusively Catalan debt to pay money FLA. The Government has long since not name this "a part of the Spanish debt" ...
Catalunya has made the decision to let the world see that it is solvent and meets, to pay the FLA to Spanish state, albeit a result of the plundering of 16,000 million euros per year.
I guess not need to be reminded that the FLA also have given the Catalans, therefore we should deduct a percentage between 16 and 20% of that amount ...
That someone would comment to Junqueras-
I repeat, the Catalan priority will be to tackle this order, to debts with international investors, with banking resident and, thirdly, the FLA.
No one has caught us by the gonads, rather the opposite
And not without reason ...
First, because the United Kingdom will not leave anyone destitute and second because the English do not belong to the Eurozone ...
There are 320 million people in the euro zone , of which about 7.5 million are Catalans. A irrisorio 2.2% . But ours.
The European Central Bank came up with saving the euro countries by buying debt, a whole arsenal of more than 1.2 trillion euros:
The European Central Bank with contributions from their states, ergo inhabitants, has 1,254,212,000,000 in sovereign debt. Papelitos by one day should charge (though I doubt it ...)
When Spanish politicians release that that "independent Catalunya will be expelled from the EU and the euro" always think that the European body could be the case (hopefully), but the euro see it very complicated because even depends on Catalunya having that currency or not.
I remind you that Andorra, Vatican City, Monaco and San Marino also use the euro even though they are not members of the European Union, although this permit.
And Montenegro, Kosovo and San Martin do so without formal agreement.
Then there are plenty of countries with currencies linked to the euro and fluctuation ± ...
Catalunya could create a currency peg to the euro and cohabited with this.
But in any case, If the EU and the Eurozone treats us as a state and throw us out of the euro, please return what is ours.
Since 2013, Spain has collaborated with some 1,000 million to the ECB , part of that money has come from taxes Catalans.
And you will wonder how can a bank with a market capitalization of around 11,000 million euros has bought debt worth 1,254,000 million euros if they are 100 times more ...?
Because you have to crank the machine to make money, because they have invented money ... have turned the Monopoly true ...
Obviously this has made depreciate the euro and that money has lost value.
Sure many of you believe that devaluation of the currency has not noticed ...
In the world of the economy everything has a price and the host will come ... and who have own currency will survive better ...
Well, all this to say that Catalonia, the Catalan people will be holder of 2.2% of the sovereign debt of eurozone countries, Some 25,000 million euros.
Said clar i català, if we throw the euro should give us 25,000 million. Accustomed to give the handle, it is not much that amount, but Catalunya is a very important bill.
The chances that we give, NO, but it can serve to negotiate other economic issues.
Eurozone may say that "Spain without Catalonia" is the successor of all property and rights. Ok, since it is also the debts ... A perfect case would be that the interests of Catalonia.
Okay, once talked about the debt the ECB's turn to the Bank of Spain ...
all Spaniards and Catalans are all holders of 18.7% of Spanish debt. You see, if we add to that percentage 16.2% which is the ECB, it is that public money owns almost 35% of sovereign debt of the Kingdom of Spain ...
So of course, the Catalans, like the Spanish, are -and owners beneficiaries- public debt of Spain.
So, if there is division of property and debts should be deducted that amount from the total amount.
The hubbub and negotiations are so complicated, especially if Spain will never recognize us as a state, that the most normal thing is that Spain will stick with its debt and be rescued by the EU ...
Let 's be honest, the European Central Bank has stuck with that debt never to collect it .At the end of the day only they had to give the maker notes and sink the profitability of savings European retirees.
When a few weeks ago was the US Government, the real reason was to seek buyers exclusively Catalan debt to pay money FLA. The Government has long since not name this "a part of the Spanish debt" ...
Catalunya has made the decision to let the world see that it is solvent and meets, to pay the FLA to Spanish state, albeit a result of the plundering of 16,000 million euros per year.
I guess not need to be reminded that the FLA also have given the Catalans, therefore we should deduct a percentage between 16 and 20% of that amount ...
That someone would comment to Junqueras-
I repeat, the Catalan priority will be to tackle this order, to debts with international investors, with banking resident and, thirdly, the FLA.
No one has caught us by the gonads, rather the opposite
Commentary:
Euro depreciation related to the article has not yet come.
When the money supply is increased it can be, summing up a lot and bad, with or without equivalent.
The ECB, to date, has generated currency linked to different instruments or securities. Fiat currency backed trust securities and conversely, to put it in some way.
The devaluation will arrive in 2021 or 2022, I do not remember now, maturing huge amounts of titles. Then those pieces of paper are left without equivalent and, sadder still, without repayment because politicians and citizens are getting used to the open bar and is not going to remove this addiction in a few years.
If you do not change dramatically, the coming years will be to make the biggest problem,possibly crushing whatever is in its path every little lack of control, and finely explode.
Inflation is the worst enemy of the poor and / or more with less financial literacy.
It is what has this increasingly social democratic Europe. Even if you begin to notice the damage will the usual ones that blame the evil capitalism even though they are two opposing positions (not to say that the same are now clamoring to ignore the deficit and asking for more open bar ).
I long ago that I am protected against what might happen. Everyone should do the same, although the savings are only one thousand eurillos.Nobody knows what can happen, but historically these imbalances last until the house of cards collapses. Maybe this time it's different, no idea.and finely explode. Inflation is the worst enemy of the poor and / or more with less financial literacy. It is what has this increasingly social democratic Europe. Even if you begin to notice the damage will the usual ones that blame the evil capitalism even though they are two opposing positions (not to say that the same are now clamoring to ignore the deficit and asking for more open bar ).
When the money supply is increased it can be, summing up a lot and bad, with or without equivalent.
The ECB, to date, has generated currency linked to different instruments or securities. Fiat currency backed trust securities and conversely, to put it in some way.
The devaluation will arrive in 2021 or 2022, I do not remember now, maturing huge amounts of titles. Then those pieces of paper are left without equivalent and, sadder still, without repayment because politicians and citizens are getting used to the open bar and is not going to remove this addiction in a few years.
If you do not change dramatically, the coming years will be to make the biggest problem,possibly crushing whatever is in its path every little lack of control, and finely explode.
Inflation is the worst enemy of the poor and / or more with less financial literacy.
It is what has this increasingly social democratic Europe. Even if you begin to notice the damage will the usual ones that blame the evil capitalism even though they are two opposing positions (not to say that the same are now clamoring to ignore the deficit and asking for more open bar ).
I long ago that I am protected against what might happen. Everyone should do the same, although the savings are only one thousand eurillos.Nobody knows what can happen, but historically these imbalances last until the house of cards collapses. Maybe this time it's different, no idea.and finely explode. Inflation is the worst enemy of the poor and / or more with less financial literacy. It is what has this increasingly social democratic Europe. Even if you begin to notice the damage will the usual ones that blame the evil capitalism even though they are two opposing positions (not to say that the same are now clamoring to ignore the deficit and asking for more open bar ).
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