Nearly two years ago we wrote an article entitled «Economy and Politics«The video showed various videos of trade union leaders and economists. Obviously their speeches were and are not only opposites, but they actually spoke different languages. They are in fact different animals. Their divergences become even more evident and lethal when the situation of the global economy and finance deteriorates, i.e. when their rapport and harmony is most needed. But they do not. The greater the systemic risk, economic deterioration and global complexity, the more governments need to act expeditiously, the more inoperative their policy decisions become. And markets need deeds and not words in these delicate times, firm and courageous action. However, politicians can only offer, as we are currently seeing, empty words, good intentions and populist decisions that keep them in power, inoperative but power nonetheless.
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¿Nunca os habéis preguntado por qué la deuda soberana de la periferia europea se tensiona más y su prima de riesgo crece con mayor rapidez que la de países tanto o más endeudados como Japón o EE.UU.? ¿Por qué motivo se especula tanto sobre la deuda soberana de los PIIGS? ¿Cuál es la razón por la que se aboca vertiginosamente a esas economías PIIGS al default o reestructuración inevitable mientras otros países super endeudados mantienen a raya la prima de riesgo que los mercados les exigen?
Hace un par de semanas, Alberto Artero de Cotizalia escribió