Germany does not see positive that the BCE raises the interest rates

Central If the Europaean Bank (BCE) raises the interest rates is will be able to suppose to new upturn of the Euribor, with what the mortgages will get dearer you reside. General In is will be able to suppose resides economic cooling, with the damages that it dog cause in the dark current economic panorama.

   On July 3, the Head office Bank Europoeo (BCE), decision will take it on the interest rates, that is to say, if it raises them lightly, expert his president Jean Claude Trichet predicted or it supports them in the same percentage in which they were left does you reside than 12 months, in 4 %. There plows great the critical voices to that they listened after the last meeting of the institution when the doors opened for to light it was uncreating of the price of the money to turn of the words of Trichet. José Luis Rodriguez Zapatero, gives priority minister, was one of the most forceful, to to argue that if to decision making respects the entire autonomy of the BCE in his , responsibility would be desirable also in his declarations. It is not necessary to forget that to the Trichet declarations, there Euribor continue to strong upturn of the, other one important climb in the oil price and falls generalized in the bags.

   The president of the Government in declarations to the newspaper The Country, pointed out that the declarations of the president of the monetary institution and the possible types was uncreating twenty days later, it means almost two you were uncreating. It is necessary to bear in mind that expert there plows Europaean economies, please in to clear slowing down economic, the types you were uncreating will act of course ace powerful gas pedals of economic cooling, already of if important.

   The German Federal Government that you presides Ángela Merkel criticized the Shoemaker's words and urged him to which it will clarify the unusual criticism realized against Trichet, to steals that was underlining the beginning of independence of the BCE. But now it seems that Peer Steinbrück you have changed of option, since the minister German of Finance, it pointed out that an will was uncreating of types suppose giving an erroneous sign, and that it might take to one stagnation of the economy. In this sense Ludwig Stiegler, vice-president of the social - democratic parliamentary group there is recommended reflection to Trichet and good sense to the BCE so that not have you decides that an it should uncreate, considering the dark economic forecasts and the important falls that the Stock Exchanges endure.

   It is necessary to think, that although it is important to control the inflation and to obtain the stability in the prices, and that this is undoubtedly the principal mission for that the BCE was created, also it is of vital importance not to accelerate the economic cooling for which they cross at present the member countries of the Euroarea. Also, it would be desirable that the institution was bearing much in mind, that them current upturns of the inflation owe to exogenous factors, like the was uncreating of the oil and not to to strong demand internal, that yes that would take types expert an effective remedy, an it was uncreating of . But money does not seem to be an was uncreating of the price of , the best recipe in the current relating to the moment marry, in which the inflationary processes have in his origin it was uncreating of the give priority matters to ace the crude oil.