{"id":113339,"date":"2014-10-26T20:26:45","date_gmt":"2014-10-26T20:26:45","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=113339"},"modified":"2014-10-26T20:26:45","modified_gmt":"2014-10-26T20:26:45","slug":"contribuabilul-veriga-slaba-a-economiei-europene","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=113339","title":{"rendered":"Contribuabilul, veriga slab\u0103 a economiei europene"},"content":{"rendered":"<p>\n\u015etirea a determinat pe parcursul s\u0103pt\u0103m\u00e2nii c\u0103derea rapid\u0103 a monedei euro fa\u0163\u0103 de dolar \u015fi yen \u015fi un av\u00e2nt al burselor de ac\u0163iuni, cu indicele S&#038;P 500 c\u00e2\u015ftig\u00e2nd timp de patru zile cel mai mult din ianuarie 2013 p\u00e2n\u0103 acum. Efectul a fost poten\u0163at de zvonurile c\u0103, dac\u0103 economia american\u0103 \u00eencetine\u015fte ori dac\u0103 apar turbulen\u0163e pe pie\u0163ele financiare, Rezerva Federal\u0103 a SUA ar putea decide la reuniunea de politic\u0103 monetar\u0103 din 28-29 octombrie s\u0103 re\u00eennoiasc\u0103 la r\u00e2ndul ei programul de stimulente monetare, prev\u0103zut ini\u0163ial s\u0103 se \u00eencheie \u00een aceast\u0103 lun\u0103.<\/p>\n<p>\nDac\u0103 ar recurge la achizi\u0163ia de obliga\u0163iuni corporatiste, BCE ar urma exemplul B\u0103ncii Japoniei, care a apelat la acest instrument \u00een cadrul programului s\u0103u de stimulare monetar\u0103 a economiei, dar ar \u00eent\u00e2mpina aceea\u015fi opozi\u0163ie din partea Germaniei ca \u015fi \u00een cazul ideii de achizi\u0163ie a obliga\u0163iunilor guvernamentale ale \u0163\u0103rilor cu probleme din zona euro, argumentul fiind acela\u015fi &#8211; transferarea riscurilor de la institu\u0163iile financiare, state \u015fi companii private spre b\u0103ncile centrale, adic\u0103 \u00een cele din urm\u0103 tot spre contribuabili.<\/p>\n<p>\nPe baza condi\u0163iilor actuale de pe pia\u0163\u0103, JP Morgan a estimat deja c\u0103 BCE ar putea cump\u0103ra \u00een decurs de un an obliga\u0163iuni corporatiste \u00een valoare de cca 50 mld. euro.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banca Central\u0103 European\u0103 a cump\u0103rat deja obliga\u0163iuni ipotecare italiene \u00een cadrul programului s\u0103u de achizi\u0163ii de active \u015fi are \u00een vedere inclusiv posibilitatea de a cump\u0103ra obliga\u0163iuni corporatiste emise de firme private europene dac\u0103 va conchide c\u0103 e nevoie de m\u0103suri mai agresive de stimulare a economiei \u00een zona euro \u015fi de impulsionare a infla\u0163iei, au relatat agen\u0163iile de pres\u0103.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[4473,9323,35729,7267,8830,368,7873,188,930,184,8193,37200,8884,38435,349,9620,13242],"class_list":["post-113339","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-achizitii","tag-active","tag-banca-japoniei","tag-banci","tag-bce","tag-burse","tag-dolar","tag-economie","tag-euro","tag-inflatie","tag-piete-financiare","tag-relaxare-cantitativa","tag-rezerva-federala","tag-stimulare-monetara","tag-ue","tag-yen","tag-zona-euro"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/113339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113339"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/113339\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}