Explosive Ciclogénesis

The explosive storm that hovers on Spain began last Monday, when in the tropical Atlantic Ocean there formed the embryo of a system of low pressures.
The economic one begun to be glimpsed (except for Shoemaker and his ex-Minister Solbes) somewhere near the dawns of 2007.
Since then, the track of destruction of the explosive ciclogénesis has left a balance of more than 5.000.000 of stopped, a public deficit of 12 % and an indebtedness of the public fund never contemplated in our recent history.
Precisely, the agency of credit qualification Standard and Poor's thinks probably that the indebtedness of the State will raise 80 % of the GDP in 2012.
In his new report, S&P it supports the possibility of reducing the current long-term note - "AA + "-of Spain if measurements "more aggressive and tangible are not adopted" to face to the fiscal and economic imbalances of the country and he warns that the weakness of the forecasts of growth of the Spanish economy they might damage the plan of fiscal consolidation of the Government. Or, we approach the Greek abyss.
Also, S&P he foresees that the evolution of the Spanish economy is "much weaker" of the projections assumed in the budget, simultaneously that identifies considerable risks in the application of the plans of fiscal consolidation of the Government, which have not been specified yet and very much we are afraid, they it will not be.
This way, S&P it augurs that the annual average growth of the Spanish GDP will be 0,6 % between 2010 and 2013, less than half of 1,5 % foreseen by the Government.

Also, the agency warns that, in spite of the measurements contained in the Law of Sustainable Economy, that one refried or drawer of absolutely useless and useless tailor, l to "necessary reorientation" of the economic model from the domestic demand dependent on the credit a model focused on the exterior markets will be seen "made difficult" by the "considerable rigidity" of the Spanish economy, especially for the dualism of the labor market.

According to the public made economic forecasts for the European Commission Spain will be the only big economy of the European Union that it contracts in 2010.
In particular, it will step back 0,6 % of the GDP, two tenths less than Brussels had predicted in November. Nevertheless, the forecast of the community Executive keeps on being more pessimistic than that of the Government, which foresees that the contraction is only of 0,3 % of the GDP.
In particular, Brussels believes that the Spanish economy will contract 0,1 % in the first trimester, it will grow 0,1 % in the second trimester, but it will relapse between July and September (-0,2 %. "The increase of the VAT foreseen by the middle of 2010 will make be evident in the consumption and will affect the boss of quarterly growth", affirmed the community Executive.
The hurricane-force winds of the perfect thunderstorm that Shoemaker was considering to be a chirimiri, keep on devastating the poor remains of the depauperada Spanish economy.

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