Correspondencia entre truhanes

Agosto 2011:

Carta de Jean Claude Trichet y Fernández Ordóñez a Zapatero, en el que le conminan a tomar medidas más contundentes en cuanto al mercado laboral y al déficit público. Obsérvese la frase entrecomillada que le lanzan Trichet y Fernández Ordóñez sobre el compromiso jurado por los países del euro para (en el fondo) estar a las órdenes del BCE. A destacar: el papel de mamporrero de MAFO.

Respuesta de Zapatero, explicando la medidas tan duras que han tomado y que van a tomar, y pidiendo por favor a Trichet que él se encargue de liquidar la ola especulativa contra los bonos españoles, que con ella se está poniendo en peligro la estabilidad de España y del euro, recordándole que la a reformas que le piden sólo pueden tener efectos a largo plazo, y que el BCE debería comprar bonos españoles para parar su caída libre:

The increased tensions in financial markets in recent weeks pose a most serious risk to the Monetary Union, in particular to those economies – Spain among them – most affected by these tensions. These measures stated above will reaffirm the Spanish government’s commitment to fiscal consolidation and structural reforms to foster growth in Spain and should contribute to financial stability in the euro area as a whole. However, tackling the current situation requires resolute action by all economic policy authorities at the European level. Along with measures at the national level, the urgent implementation of the decisions taken by the euro area Heads of State and Government on July 21 should be a priority.However, it is impossible for such reforms to be fully operational in the short run to tackle the malfunctions in financial markets that we are experiencing. The Spanish government is of the opinion that the European Central Bank could play a pivotal role in easing tensions by means of the purchase of Spanish public debt on a sufficient scale to stabilise the markets and to ensure the proper functioning of the transmission mechanism of monetary policy. Such actions should maintain an impact until the enhancements formulated on 21 July by the euro area Heads of State and of Government regarding the possibility of intervening on secondary markets via the European Financial Stability Facility (EFSF) become fully operational. I trust the Governing Council of the European Central Bank will contribute, through the adoption of such measure, to confront the exceptional circumstances challenging the euro area.

Trichet, como se sabe, no le hizo ni caso, y además subió los tipos de interés dos veces ese año, metiéndole más leña al fuego de la crisis de los bonos.

PS: después he leido este jugoso post de Frances Coppola sobre esta correspondencia.