O ataque ao euro
Com os especuladores ao ataque ao euro, a Europa enfrenta uma ameaça crescente de falências nacionais em cadeia. As consequências seriam dramáticas para o continente, especialmente para os bancos alemães, que estão altamente expostos ao risco de dívida. Os políticos da UE estão dispostos a pagar quase qualquer preço para ajudar os países em perigo, como escreve a Der Spiegel:
Europe is indeed currently the hottest topic on the global financial markets. The value of the battered euro has been falling since the Greek government confessed to the actual scope of its debt — and since it became clear that things are not looking significantly better in the other PIIGS countries (the acronym refers to Portugal, Ireland, Italy, Greece and Spain).
There has never been this much uncertainty. No one knows whether the Greeks will manage to solve their problems, whether and how other countries will come to their aid, whether the crisis can be confined to Greece or whether it will spread like wildfire among the PIIGS — and end up tearing apart the European currency union.
All of this translates into excellent opportunities for foreign currency traders and speculators. They can either bet on a decline of the euro or a bailout for the Greeks in the form of a rescue effort by other euro zone countries. In the first case, the price of Greek government bonds will hit rock bottom, and in the second case it will rise.
These are the kinds of conditions that make it possible to make a lot of money quickly — but with devastating consequences, because speculators amplify trends and increase risks. If they bet on a Greek bankruptcy, it will become even more difficult, and expensive, to attract fresh capital. This could lead to a national bankruptcy or the feared conflagration — or even the collapse of the euro. […]
Riber Hansson, «Svenska Dagbladet»
Em entrevista à Der Spiegel, o primeiro-ministro grego, Georgios Papandreou, fala da corrupção massiva, a evasão fiscal desenfreada e o esforço para colocar o seu país de volta nos trilhos:
SPIEGEL: Greece falsified statistics for years to hide its massive government debt of €271 billion ($365 billion) and its budget deficit of 12.7 percent of the gross domestic product from the rest of Europe. How was this even possible, and why didn’t anyone notice?
Papandreou: That’s a good question, and it’s one that we’re all asking ourselves. We have launched a parliamentary investigation. No one could have imagined the scope of this.
SPIEGEL: You have also accused the European Commission in Brussels of having looked the other way.
Papandreou: The EU should have controlled more rigorously in the past to ensure that the stability pact was in fact being observed — also by us. In the future, we should provide the European statistics office with direct access to the data of individual member states. We proposed this, but not all countries wanted that much transparency.
SPIEGEL: Are you trying to blame the EU to deflect some of the responsibility?
Papandreou: No, it isn’t my intention to say how bad Europe is. The EU is a unique organization, but it needs to look at this carefully to see this as a failure of the European institutions. This is part of the reason something like this could have happened. And this cannot be allowed to happen again.
Petar Pismestrovic, «Kleine Zeitung»