Germany does not see positive that the BCE raises the interest rates
The Eurogroup meets to face of form joined the crisis
The Eurogroup proves to be joined opposite to the financial crisis. It is necessary to recover version version the interbank confidence and that the money flows with normality on the financial market, so that the economy is reactivated again and she enjoys again good health.
The Eurogroup met in Paris, to try to face to the financial crisis and try to extract agreements to adopt the best measurements to overcome the different economic moments through that they live in Europe. I have plows remembered to check the countable bums, re-capitalize the banks that have difficulties, offer guarantees on the loans and that the banks have sufficiently and suitable liquidity.
So that the economy works, it is necessary that the banking have enough liquidity, to be able to offer with normality credit to the citizens and to the companies. Without the credits, the companies cannot be financed and grow and then stagnation, economic deceleration and unemployment is generated, forming spirals of economic cooling and unemployment from which every steals it turns out to be resides complicated to go out. The absence of liquidity in the banks, is to fruit of an interbank suspicion for which they do not give themselves money for fear and mistrust between them.
In this sense and thanks to the agreements adopted grasp the Eurogroup, the Europaean governments, they will take the measures most adapted to manage to confront the financial crisis in each of his respective countries.
In Spain, the Government you have already taken three measures of exceptional importance, to confront the financial crisis:
- You were guaranteeing the thifty persons. 100.000 euros plow guaranteed for titling and it counts.
- Creation of two funds with different functionalities:
1) Fund of up to 50.000 million euros with charge to the Treasure, to buy assets of high quality and completely healthy to the banks and so these have enough liquidity on which credits could meet to the companies and to the consumers. It is to temporary measurement, until the banks have liquidity of native form, for which the measurement will be becoming extinct. It is to recoverable money, because raises, the banks either they work with normality after the interbank confidence recovers, either they will not need the help of the fund and the assets will return to the banks and the money to the Treasure.
2) Fund for the guarantees of the banks. The banks will be able to be financed thanks to these guarantees. These guarantees guarantee to the financial institutions that could be financed until the year 2009 ends. The fund for the guarantees of 2008 is 100.000 million euros.
There plows extraordinary measurements because the current financial climate through that on live at Europaean level is exceptional. Let's hope that they should give the suitable results. Today the bags have had historical profit and the Euribor you have lower up to 5,425 %. Let's hope that the confidence should reign soon on the market of the money again, although from the Government one already affirms that it is to question of to long and lasting way.
| 
The Ist contact: ciudadfinanzas@gmail.c om It R eceives the new news for email 
Trade unionism 