UJun 12 • Amazwana eMakethe • Ukubukwa okungu-2666 • Amazwana Off Kwabatshalizimali Ukwesaba Nezinkathazo Kuhlala
Isivumelwano sebheyili saseSpain esifinyelelwe ngempelasonto asizange sinciphise ukwesaba ngenxa yenkinga eqhubekayo ye-euro esikhathini esingaphansi kwesonto okhethweni olubaluleke kakhulu lwaseGrisi. Ngokuphambene nalokho, i-rally yokusiza yayiphelile lapho imakethe iqala ukuhweba eYurophu. Akusekho eminye imininingwane etholakale ngamazwana wabenzi bezinqubomgomo. Ama-bond ayisisekelo womhlaba asusa kancane kancane ukulahleka kokuvula kanti ngenkathi uMgcinimafa wase-US eqeda iseshini engekude namazinga okuvala ngoLwesihlanu, amaBunds aseGerman avale ngokuzuza okuhle. Izithelo zaseJalimane zehle ngamaphuzu ayisisekelo ama-2-to-6.3, okwenza ijika libe lula.
Futhi kwezinye izimakethe, imizwa yokuzibeka engcupheni ilawulwa kakhulu. Kwakungekho datha ye-eco yokubaluleka ekhishiwe futhi nezindaba ezisematheni zazincane, kepha imiphumela yeCyprus, imiphumela ye-SMP kanye nabanye osomabhange abaphakathi bathola ukunakwa.
Abatshalizimali baphendule ngokungabaza ephaketheni lokukhishwa kwebheyili hhayi ngaphandle kwesizathu. Nakulokhu futhi, imininingwane ebalulekile ayitholakali futhi kulo mongo abatshalizimali bemali yangempela ngeke babuyele emakethe yezibopho zaseSpain. Ukuqoqwa kwesivuno kungenzeka kube yingxabano ngezikhathi ezijwayelekile ukuheha abatshalizimali, kepha esimweni samanje senkinga esinobungozi emsileni, akukho sifiso sokuzingela isivuno ezimakethe zangaphandle. Ngakho-ke ngaphandle kokuthi imakethe iqiniseke ukuthi izinkinga zixazululwe ngokuyisisekelo ku-EMU naseSpain, lezi zokugcina zizoba nobunzima bokuxhasa izidingo zayo zezimali.
Ngenkathi njengamanje isimo sesikweletu saseSpain singesabekeki, singahle singabi namandla ngokuya ngokukhula kwesikhathi esizayo, ukusilela kanye nokuphakama kwamazinga wenzalo. Ukukhuphuka cishe kuka-6.5% izolo wezibopho zeminyaka eyi-10 kuyinto embi. Manje kusazobonakala, noma ngabe ngemuva kokukhishwa kwebheyili, amabhange aseSpain asazovunyelwa yini ukuvala isikhala esishiywe ngabatshalizimali bamanye amazwe abashiya imakethe. Ingqikimba enhle yokubhekana nalabo abazoba nesibopho sokubheka umkhakha wamabhange ngemuva kokukhishwa kwebheyili.
Ezimakethe zebhizinisi le-intra-EMU umhlangano wokuqala wokusiza waphela ngokushesha njengoba imizwa yashintsha. Njengoba besatshwa, abatshalizimali abakholwanga yisitatimende esingaqondakali se-Eurogroup esicelweni sokutakula ibhange laseSpain. Ikakhulukazi inkinga yokuzithoba (ukutakula nge-ESM noma nge-EFSF) kwehlise umdlandla. Ngaphezulu, abatshalizimali banqena ukukhuphula iziteki ngaphambi kokhetho lwangempelasonto lwamaGrikhi. Ukusabalala kweSpain kunciphile ekuvuleni (isivuno se-10-yr sehle saya ku-6% ekuqaleni) kepha sabeka ngokushesha i-U-turn. Ekugcineni ukusakazwa kwe-10-yr kungeze ama-32 bps futhi kubuya ngaphezulu kwe-500 bps (520 bps). Ukusabalala kwe-Italy kulandele ngokushesha futhi kwanda ngama-28 bps kuya kuma-473 bps, okuyizinga eliphakeme kakhulu kusukela ekuqaleni kukaJanuwari. Ukusakazeka okungama-semi-core Belgian / Austrian / French kukhuliswe nge-7 kuye ku-9 bps kanti i-Finnish ne-Dutch isakazeka ngama-3 bps.
Ngokusho kwe-ISDA, akunakwenzeka ukuthi ukuthotshelwa kwababophezeli baseSpain kanjalo kuzoqala umcimbi wesikweletu. Futhi i-ECB Coene ikusho lokhu. Yize lokhu kungagwema ukuguquguquka esikhathini esifushane, akufanele kunciphise ukwesaba kwababophezelekile bokuthotshelwa kanye nemiphumela yako uma kwenzeka kwenzeka iphutha.
ICypriot FM Shiarly iveze ukuthi iCyprus izocela iphakethe eligcwele lokutakula ngaphambi kokuphela kwenyanga. “Uma eyodwa isebenza kumshini wokusekela ubheka wonke amaqiniso kubandakanya nezidingo ezingavela ezikhathini ezizayo. Ngenxa yalokho, kungaba isicelo esiphelele esingabandakanyi izimo kuphela nokwakhiwa kabusha kwamabhange kepha nezidingo zesikhathi esizayo. ” “Lolu daba luyaphuthuma. Siyazi ukuthi ukwakhiwa kabusha kwamabhange kumele kube sekuphothuliwe ngoJuni 30, futhi kusele izinsuku ezimbalwa. ” ICyprus ivaliwe ezimakethe zezezimali unyaka, isebenza ngokushoda, inenkinga yokulawulwa kwe- € 1.8B yebhange lesibili ngobukhulu futhi ine- € 2B ezikweletini zesikhashana ezizokhula ngonyaka ozayo. Ngonyaka owedlule, iCyprus ikwazile ukugwema ukubonga ngenxa yemalimboleko yamazwe omabili eyi- € 2.5B evela eRussia.
AbatshalizimaliIbhange laseSpain
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Abatshalizimali Ukwesaba Nezinkathazo Kuhlala
UJun 12 • Amazwana eMakethe • Ukubukwa okungu-2666 • Amazwana Off Kwabatshalizimali Ukwesaba Nezinkathazo Kuhlala
Isivumelwano sebheyili saseSpain esifinyelelwe ngempelasonto asizange sinciphise ukwesaba ngenxa yenkinga eqhubekayo ye-euro esikhathini esingaphansi kwesonto okhethweni olubaluleke kakhulu lwaseGrisi. Ngokuphambene nalokho, i-rally yokusiza yayiphelile lapho imakethe iqala ukuhweba eYurophu. Akusekho eminye imininingwane etholakale ngamazwana wabenzi bezinqubomgomo. Ama-bond ayisisekelo womhlaba asusa kancane kancane ukulahleka kokuvula kanti ngenkathi uMgcinimafa wase-US eqeda iseshini engekude namazinga okuvala ngoLwesihlanu, amaBunds aseGerman avale ngokuzuza okuhle. Izithelo zaseJalimane zehle ngamaphuzu ayisisekelo ama-2-to-6.3, okwenza ijika libe lula.
Futhi kwezinye izimakethe, imizwa yokuzibeka engcupheni ilawulwa kakhulu. Kwakungekho datha ye-eco yokubaluleka ekhishiwe futhi nezindaba ezisematheni zazincane, kepha imiphumela yeCyprus, imiphumela ye-SMP kanye nabanye osomabhange abaphakathi bathola ukunakwa.
Abatshalizimali baphendule ngokungabaza ephaketheni lokukhishwa kwebheyili hhayi ngaphandle kwesizathu. Nakulokhu futhi, imininingwane ebalulekile ayitholakali futhi kulo mongo abatshalizimali bemali yangempela ngeke babuyele emakethe yezibopho zaseSpain. Ukuqoqwa kwesivuno kungenzeka kube yingxabano ngezikhathi ezijwayelekile ukuheha abatshalizimali, kepha esimweni samanje senkinga esinobungozi emsileni, akukho sifiso sokuzingela isivuno ezimakethe zangaphandle. Ngakho-ke ngaphandle kokuthi imakethe iqiniseke ukuthi izinkinga zixazululwe ngokuyisisekelo ku-EMU naseSpain, lezi zokugcina zizoba nobunzima bokuxhasa izidingo zayo zezimali.
Ngenkathi njengamanje isimo sesikweletu saseSpain singesabekeki, singahle singabi namandla ngokuya ngokukhula kwesikhathi esizayo, ukusilela kanye nokuphakama kwamazinga wenzalo. Ukukhuphuka cishe kuka-6.5% izolo wezibopho zeminyaka eyi-10 kuyinto embi. Manje kusazobonakala, noma ngabe ngemuva kokukhishwa kwebheyili, amabhange aseSpain asazovunyelwa yini ukuvala isikhala esishiywe ngabatshalizimali bamanye amazwe abashiya imakethe. Ingqikimba enhle yokubhekana nalabo abazoba nesibopho sokubheka umkhakha wamabhange ngemuva kokukhishwa kwebheyili.
Ezimakethe zebhizinisi le-intra-EMU umhlangano wokuqala wokusiza waphela ngokushesha njengoba imizwa yashintsha. Njengoba besatshwa, abatshalizimali abakholwanga yisitatimende esingaqondakali se-Eurogroup esicelweni sokutakula ibhange laseSpain. Ikakhulukazi inkinga yokuzithoba (ukutakula nge-ESM noma nge-EFSF) kwehlise umdlandla. Ngaphezulu, abatshalizimali banqena ukukhuphula iziteki ngaphambi kokhetho lwangempelasonto lwamaGrikhi. Ukusabalala kweSpain kunciphile ekuvuleni (isivuno se-10-yr sehle saya ku-6% ekuqaleni) kepha sabeka ngokushesha i-U-turn. Ekugcineni ukusakazwa kwe-10-yr kungeze ama-32 bps futhi kubuya ngaphezulu kwe-500 bps (520 bps). Ukusabalala kwe-Italy kulandele ngokushesha futhi kwanda ngama-28 bps kuya kuma-473 bps, okuyizinga eliphakeme kakhulu kusukela ekuqaleni kukaJanuwari. Ukusakazeka okungama-semi-core Belgian / Austrian / French kukhuliswe nge-7 kuye ku-9 bps kanti i-Finnish ne-Dutch isakazeka ngama-3 bps.
Ngokusho kwe-ISDA, akunakwenzeka ukuthi ukuthotshelwa kwababophezeli baseSpain kanjalo kuzoqala umcimbi wesikweletu. Futhi i-ECB Coene ikusho lokhu. Yize lokhu kungagwema ukuguquguquka esikhathini esifushane, akufanele kunciphise ukwesaba kwababophezelekile bokuthotshelwa kanye nemiphumela yako uma kwenzeka kwenzeka iphutha.
ICypriot FM Shiarly iveze ukuthi iCyprus izocela iphakethe eligcwele lokutakula ngaphambi kokuphela kwenyanga. “Uma eyodwa isebenza kumshini wokusekela ubheka wonke amaqiniso kubandakanya nezidingo ezingavela ezikhathini ezizayo. Ngenxa yalokho, kungaba isicelo esiphelele esingabandakanyi izimo kuphela nokwakhiwa kabusha kwamabhange kepha nezidingo zesikhathi esizayo. ” “Lolu daba luyaphuthuma. Siyazi ukuthi ukwakhiwa kabusha kwamabhange kumele kube sekuphothuliwe ngoJuni 30, futhi kusele izinsuku ezimbalwa. ” ICyprus ivaliwe ezimakethe zezezimali unyaka, isebenza ngokushoda, inenkinga yokulawulwa kwe- € 1.8B yebhange lesibili ngobukhulu futhi ine- € 2B ezikweletini zesikhashana ezizokhula ngonyaka ozayo. Ngonyaka owedlule, iCyprus ikwazile ukugwema ukubonga ngenxa yemalimboleko yamazwe omabili eyi- € 2.5B evela eRussia.
AbatshalizimaliIbhange laseSpain
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