UMeyi 14 Amagqabantshintshi eMarike • 7616 izimvo • Comments Off Ngeziganeko zekhalenda yezoQoqosho neeNdali zeBond ngoMeyi 14, 2012
Namhlanje, ikhalenda yezoqoqosho ibhityile nje kuphela i-euro zone yedatha yemveliso kunye nenani lokugqibela lokunyuka kwamaxabiso e-CPI yase-Itali. Indawo ye-Euro AbaPhathiswa bezeMali badibana eBrussels naseSpain (ii-T-Bills zeenyanga ezili-12/18), iJamani (i-Bubills) kunye ne-Italy (i-BTPs) ziya kubamba imarike.
Kwindawo ye-euro, ukuveliswa kwemveliso kuqikelelwa ukuba kunyuke okwesibini kwinyanga echanekileyo ngo-Matshi, kodwa isantya sokunyuka kulindeleke ukuba sinciphise.
Imvumelwano ijonge ukunyuka kwe-0.4% M / M ngoMatshi, isiqingatha sesantya esibhalisiweyo ngoFebruwari (0.8% M / M). NgoFebruwari nangona kunjalo, imveliso yonyuswa ngamandla ngenxa yemozulu ebanda kakhulu. Ngaphambili idatha yesizwe ekhutshwe kwangaphambili ibonise umfanekiso oxubileyo. Imveliso yaseJamani kunye neTaliyane ibonise ukuphindaphindeka okunxulumene nemozulu, ngelixa imveliso yaseSpain neFrench yabuya ngoMatshi.
Kwindawo ye-euro, sikholelwa ukuba iingozi zingaphantsi kwezinto ezilindelekileyo, njengoko ukufundwa kwe-EMU akubandakanyi icandelo lokwakha, ngelixa i-utility mhlawumbi iya kubuya.
Namhlanje, i-arhente yamatyala yase-Italiya ibetha imarike kwiimeko ezinzima zemarike. Imigca enikezelwayo yeyokubaleka iBTP yeminyaka emi-3 (€2.5-3.5B 2.5% Mar2015) kunye nendibaniselwano ye-BTP yeminyaka eyi-10 (4.25% ngo-Mar2020), i-BTP yeminyaka eyi-10 ( 5% Mar2022) & off run i-15-yr BTP (5% Mar2025) i-€1-1.75B eyongezelelweyo. Isixa esisezantsi xa sithengisiwe, kunye nokugqalisela kwi-tenor emfutshane, kufuneka nangona kunjalo ikwazi ukuba abatyali-zimali (basekhaya) bacole.
Unondyebo waseFinland ucofa i-5-yr RFGB (€1B 1.875% Apr2017). Lixesha lesibini kuphela iFinland isiza kwimarike yebhondi yokukhutshwa kwe-euro kulo nyaka. Iphepha elilinganiswe nge-AAA liya kuhlangabezana nemfuno elungileyo.
Namhlanje, iqela le-Euro (abaPhathiswa bezeMali be-EMU) badibana eBrussels, ngelixa kusasa i-Ecofin ebanzi idibana. Isenokuba yintlanganiso enomdla, ngoku ukuba ingxaki yetyala le-euro ibuyile ekubeni ayizange iphele tu.
Uxinzelelo eGrisi naseSpain yeyona nto itsala amehlo. Nangona kunjalo, unyulo lwaseFransi luyitshintshile ingxoxo kunye nemingcipheko yezoqoqosho. Kulo mongo, iinkokeli ezahlukeneyo eziphambili ze-EMU ziye zathetha ngesivumelwano sokukhula. AbaPhathiswa bezeMali mhlawumbi baya kuthetha kwaye balungiselele isivumelwano sokukhula esiza kuxoxwa ngakumbi kwisidlo "sokukhula" esingacwangciswanga ziinkokeli ze-EMU kwaye kufuneka kuvunyelwene ngayo ekupheleni kukaJuni kwiNgqungquthela ye-EU.
Umgaqo kusenokuba kuvunyelwene ngawo, kodwa kumanyathelo abambekayo iyantlukwano kwizimvo isebanzi kakhulu kwaye kufanele ukuba kunjalo ekuxhaseni ngemali isivumelwano.
Umkomishinala uRehn kwimpelaveki uthe uyala njengobubuxoki ukhetho lokuvuselela ubungqongqo. Zombini ziyafuneka. Amazwe kufuneka ahlale esendleleni yokumanyaniswa kwezimali ngelixa kufuneka utyalo-mali oluthe chatha lukarhulumente nolwabucala. Isindululo seKomishoni ye-EU ukuya eSpain ukuba inokunikwa omnye unyaka owongezelelweyo ukusika intsilelo ukuya kwi-3% ye-GDP (phantsi kweemeko ezithile) inokwenziwa ngokubanzi kwamanye amazwe.
Ukuba baphumeza imilinganiselo engqongqo ekuvunyelwene ngayo kwaye intsilelo iya kuthi nangona kunjalo igqithe koko bekujoliswe kuko, banokunganyanzelekanga ukuba bathathe amanyathelo ongezelelweyo.
Umxholo wesibini wentlanganiso ngokuqinisekileyo uya kuba yimeko eGrisi kunye nesiphelo sayo ngaphakathi kwe-EMU. Ekupheleni kweveki, umongameli we-EU weKomishoni, uBarroso, ucebise ukuba iGrisi kuya kufuneka iyiyeke i-euro ukuba ayilandeli imigaqo ye-euro (izivumelwano, inkqubo yokukhupha imali). Kwakukho eminye imithombo enempembelelo ebeka iGrisi ukuba ikhethe ukuhlala nenkqubo yokuhlangula okanye ubuso obungagqibekanga kwaye uphume.
Sicinga ukuba iGrisi iya kuba khona ngokubonakalayo kwiingxoxo ze-Eurogroup kwaye ngelixa ingenziwanga esidlangalaleni, kufuneka kubekho isicwangciso B ekulungiseleleni. Ke, izimvo emva koko zinokuba nomdla.
Ekugqibeleni umba wesithathu omkhulu yiSpain. Urhulumente uneenketho ezimbalwa kwaye uhlobo lwenkxaso yamazwe amaninzi kufuneka yamkeleke kakhulu. Nangona kunjalo, iphakheji epheleleyo yesikali eya kubagcina bengekho kwiimarike ixesha elithile mhlawumbi ayinamveliso, kodwa enye inkxaso yecandelo lebhanki nge-EFSF, ukuba akufuneki ukuba idlule kwii-akhawunti zaseSpain, inokwakha.
Sinoloyiko lokuba inyathelo lamva nje lebhanki liza kusilela ukuthomalalisa ukungavisisani kwiimarike. Asicingi ukuba iqela le-Euro sele likwinqanaba lokuthatha / lokucebisa ngezigqibo, kodwa umcimbi unokuxoxwa.
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« Uphengululo lweMarike ngoMeyi 14 2012 Iziphumo ze-EU Mess kwi-EUR / GBP »
Imicimbi yeKhalenda yezoQoqosho neeNdali zeBond ngoMeyi 14, 2012
UMeyi 14 Amagqabantshintshi eMarike • 7616 izimvo • Comments Off Ngeziganeko zekhalenda yezoQoqosho neeNdali zeBond ngoMeyi 14, 2012
Namhlanje, ikhalenda yezoqoqosho ibhityile nje kuphela i-euro zone yedatha yemveliso kunye nenani lokugqibela lokunyuka kwamaxabiso e-CPI yase-Itali. Indawo ye-Euro AbaPhathiswa bezeMali badibana eBrussels naseSpain (ii-T-Bills zeenyanga ezili-12/18), iJamani (i-Bubills) kunye ne-Italy (i-BTPs) ziya kubamba imarike.
Kwindawo ye-euro, ukuveliswa kwemveliso kuqikelelwa ukuba kunyuke okwesibini kwinyanga echanekileyo ngo-Matshi, kodwa isantya sokunyuka kulindeleke ukuba sinciphise.
Imvumelwano ijonge ukunyuka kwe-0.4% M / M ngoMatshi, isiqingatha sesantya esibhalisiweyo ngoFebruwari (0.8% M / M). NgoFebruwari nangona kunjalo, imveliso yonyuswa ngamandla ngenxa yemozulu ebanda kakhulu. Ngaphambili idatha yesizwe ekhutshwe kwangaphambili ibonise umfanekiso oxubileyo. Imveliso yaseJamani kunye neTaliyane ibonise ukuphindaphindeka okunxulumene nemozulu, ngelixa imveliso yaseSpain neFrench yabuya ngoMatshi.
Kwindawo ye-euro, sikholelwa ukuba iingozi zingaphantsi kwezinto ezilindelekileyo, njengoko ukufundwa kwe-EMU akubandakanyi icandelo lokwakha, ngelixa i-utility mhlawumbi iya kubuya.
Namhlanje, i-arhente yamatyala yase-Italiya ibetha imarike kwiimeko ezinzima zemarike. Imigca enikezelwayo yeyokubaleka iBTP yeminyaka emi-3 (€2.5-3.5B 2.5% Mar2015) kunye nendibaniselwano ye-BTP yeminyaka eyi-10 (4.25% ngo-Mar2020), i-BTP yeminyaka eyi-10 ( 5% Mar2022) & off run i-15-yr BTP (5% Mar2025) i-€1-1.75B eyongezelelweyo. Isixa esisezantsi xa sithengisiwe, kunye nokugqalisela kwi-tenor emfutshane, kufuneka nangona kunjalo ikwazi ukuba abatyali-zimali (basekhaya) bacole.
Unondyebo waseFinland ucofa i-5-yr RFGB (€1B 1.875% Apr2017). Lixesha lesibini kuphela iFinland isiza kwimarike yebhondi yokukhutshwa kwe-euro kulo nyaka. Iphepha elilinganiswe nge-AAA liya kuhlangabezana nemfuno elungileyo.
Namhlanje, iqela le-Euro (abaPhathiswa bezeMali be-EMU) badibana eBrussels, ngelixa kusasa i-Ecofin ebanzi idibana. Isenokuba yintlanganiso enomdla, ngoku ukuba ingxaki yetyala le-euro ibuyile ekubeni ayizange iphele tu.
Uxinzelelo eGrisi naseSpain yeyona nto itsala amehlo. Nangona kunjalo, unyulo lwaseFransi luyitshintshile ingxoxo kunye nemingcipheko yezoqoqosho. Kulo mongo, iinkokeli ezahlukeneyo eziphambili ze-EMU ziye zathetha ngesivumelwano sokukhula. AbaPhathiswa bezeMali mhlawumbi baya kuthetha kwaye balungiselele isivumelwano sokukhula esiza kuxoxwa ngakumbi kwisidlo "sokukhula" esingacwangciswanga ziinkokeli ze-EMU kwaye kufuneka kuvunyelwene ngayo ekupheleni kukaJuni kwiNgqungquthela ye-EU.
Umgaqo kusenokuba kuvunyelwene ngawo, kodwa kumanyathelo abambekayo iyantlukwano kwizimvo isebanzi kakhulu kwaye kufanele ukuba kunjalo ekuxhaseni ngemali isivumelwano.
Umkomishinala uRehn kwimpelaveki uthe uyala njengobubuxoki ukhetho lokuvuselela ubungqongqo. Zombini ziyafuneka. Amazwe kufuneka ahlale esendleleni yokumanyaniswa kwezimali ngelixa kufuneka utyalo-mali oluthe chatha lukarhulumente nolwabucala. Isindululo seKomishoni ye-EU ukuya eSpain ukuba inokunikwa omnye unyaka owongezelelweyo ukusika intsilelo ukuya kwi-3% ye-GDP (phantsi kweemeko ezithile) inokwenziwa ngokubanzi kwamanye amazwe.
Ukuba baphumeza imilinganiselo engqongqo ekuvunyelwene ngayo kwaye intsilelo iya kuthi nangona kunjalo igqithe koko bekujoliswe kuko, banokunganyanzelekanga ukuba bathathe amanyathelo ongezelelweyo.
Umxholo wesibini wentlanganiso ngokuqinisekileyo uya kuba yimeko eGrisi kunye nesiphelo sayo ngaphakathi kwe-EMU. Ekupheleni kweveki, umongameli we-EU weKomishoni, uBarroso, ucebise ukuba iGrisi kuya kufuneka iyiyeke i-euro ukuba ayilandeli imigaqo ye-euro (izivumelwano, inkqubo yokukhupha imali). Kwakukho eminye imithombo enempembelelo ebeka iGrisi ukuba ikhethe ukuhlala nenkqubo yokuhlangula okanye ubuso obungagqibekanga kwaye uphume.
Sicinga ukuba iGrisi iya kuba khona ngokubonakalayo kwiingxoxo ze-Eurogroup kwaye ngelixa ingenziwanga esidlangalaleni, kufuneka kubekho isicwangciso B ekulungiseleleni. Ke, izimvo emva koko zinokuba nomdla.
Ekugqibeleni umba wesithathu omkhulu yiSpain. Urhulumente uneenketho ezimbalwa kwaye uhlobo lwenkxaso yamazwe amaninzi kufuneka yamkeleke kakhulu. Nangona kunjalo, iphakheji epheleleyo yesikali eya kubagcina bengekho kwiimarike ixesha elithile mhlawumbi ayinamveliso, kodwa enye inkxaso yecandelo lebhanki nge-EFSF, ukuba akufuneki ukuba idlule kwii-akhawunti zaseSpain, inokwakha.
Sinoloyiko lokuba inyathelo lamva nje lebhanki liza kusilela ukuthomalalisa ukungavisisani kwiimarike. Asicingi ukuba iqela le-Euro sele likwinqanaba lokuthatha / lokucebisa ngezigqibo, kodwa umcimbi unokuxoxwa.
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« Uphengululo lweMarike ngoMeyi 14 2012 Iziphumo ze-EU Mess kwi-EUR / GBP »