THE LENDING POLICY OF THE ECB

In an operation unprecedented in global macroeconomic history, the ECB has provided the European banking sector € 489,190.75 million euros to return three years, an interest of 1% in order to provide liquidity to the banking sector and This in turn circulate the money among the citizens.

However, many experts point to the possibility that the banking sector use this money to balance their accounts and economically strengthened against the restructuring of the sector and that the money never comes, citizens and small and medium enterprises, which is necessary if we want to revive the economy.

Again, European politics seems dictated by the markets, the benefit of markets and economic sectors in Europe and sets aside those who hold and those governing the European institutions.

European citizens were to accept the monetary union to the detriment of our own currency, that in the current crisis - have had their own currency - we got the hook would devalue, starting against the ECB to control the issuance and interest rates the single currency lends money to banks at bargain prices without putting conditions, while European politicians, imposing draconian measures to countries that have gone bankrupt and have not broken quasi they impose. It would be good to remind the European leaders who control the institutions that Pangan € 489,190.75 million, are the very citizens who are imposing cuts in public benefits or are retirement age rises, only to holding a sociopolitical system that favors the risky investment banking shielded by capital against the defenseless people of Europe.

Just change things by changing our approach to problems, to overcome the crisis in the key European priority should the European Union citizen above the banks do otherwise is to hinder the future of capitalist society they have created, and the capital needs capital to flow to stop this economic strangulation.



Antonio Garcia Leal ®
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