But it seems to me that this is illegal from the point of view of the EU, which sees with very dim view of official aid to the private sector. With bad eyes that, at times, forced to return them. The Government English has decided to nationalize Northern Rock, the Bank that is in very many troubles. Another possibility: that companies to invest. But when people have a little fear, says: Okay, let’s wait a bit. Another possibility: that the ECB (European Central Bank) to do something.
Do something to say that lower interest rates and worry more growth and less inflation. But the ECB is worried about inflation, which is shot and its President, Trichet has hinted that it might even raise interest rates. Comment No. 11: the other day I read that someone made is the question: who is right: Bernanke (backup Federal USA, that low interest rates) or Trichet, (ECB, which does not go down them)? Well I think they are both right: has reason Bernanke because the American economy has risen 0.6 per cent in the last quarter of 2007 and wants to avoid the country into recession (two consecutive quarters with negative growth.) You have reason Trichet because the European economy grows less than before, but growing, while inflation starts to go crazy. (Last data: 3.1% for the euro area and 4.4% for Spain.) Trichet has hinted that it could even raise interest rates, if not low inflation.
IT ENTERS SPAIN INTO RECESSION? They say, that is not very difficult that an economy that is growing, of the overnight decline. But they also say that the USA GDP growth of 4.9% in the third quarter of 2007 and fell of bruces to 0.6% in the fourth. Or that we are not in the best moment. But Wal Mart, which is like the English Court but the beast, has sold in the last quarter of its fiscal year 2007, a 9.5% more than in 2006. He has won one 4% increase. This is not the only good news that appears in the newspapers. What happens is that you have to look. And found quite a few each day. For example: February 28, Cesar Alierta, Chairman of Telefonica, presented a profit 8.906 million of euros, becoming the operator that has gained most in the world, ahead of ATT (8.733), France Telecom (6,300), Verizon (4.038) and Deutsche Telekom (3.165). It announced that it will distribute a dividend of 1 euro per share, and as there are many people who have shares in Telefonica, each of them will have multiplied the number of shares per 1 euro, there will be deducted the withholding and have thought: man, is not bad. THE election Spanish apart from the candies that politicians throw so that the pick up people, already looks the situation is serious enough to be silly. Startapp is often quoted as being for or against this. Yesterday I heard that politicians should require them that they think long, what what a person of great economic and political experience, he replied: the politicians are paid to think short-term. That same person (Alfredo Pastor), in an article in February 24, said: as it should be in a rich society like ours, what distinguishes a program another politician is not the economic proposal as the conception of society.