{"id":51108,"date":"2011-10-07T21:04:33","date_gmt":"2011-10-07T21:04:33","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=51108"},"modified":"2026-04-03T05:54:06","modified_gmt":"2026-04-03T05:54:06","slug":"tavalugul-continua-fitch-retrogradeaza-italia-si-spania-urmeaza-portugalia","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=51108","title":{"rendered":"T\u0103v\u0103lugul continu\u0103: Fitch retrogradeaz\u0103 Italia \u015fi Spania, urmeaz\u0103 Portugalia"},"content":{"rendered":"<p>Retrogradarea reflect\u0103 &#8220;intensificarea crizei din zona euro, care constituie un \u015foc financiar \u015fi economic semnificativ, de natur\u0103 s\u0103 deterioreze profilul de risc al Italiei&#8221;. Nivelul \u00eenalt al datoriei publice \u015fi rata sc\u0103zut\u0103 de cre\u015ftere economic\u0103 fac Italia vulnerabil\u0103 la un astfel de \u015foc, consider\u0103 Fitch.<\/p>\n<p>Agen\u0163ia apreciaz\u0103 c\u0103 guvernul italian va reu\u015fi anul acesta s\u0103 se \u00eencadreze \u00een \u0163inta de deficit de 3,9% din PIB, \u00eens\u0103 programul curent de reducere a cheltuielilor este insuficient pentru o adev\u0103rat\u0103 reform\u0103 a finan\u0163elor publice, povara fiscal\u0103 mare va avea impact asupra cre\u015fterii economice, pia\u0163a muncii este rigid\u0103 \u015fi exist\u0103 bariere contra concuren\u0163ei pe pia\u0163a de bunuri \u015fi servicii.<\/p>\n<p>Pentru Spania, a c\u0103rei datorie pe termen lung este notat\u0103 acum cu un calificativ inferior &#8211; AA-, \u00een loc de AA+, tot cu perspectiv\u0103 negativ\u0103 &#8211; Fitch indic\u0103 drept factori de risc intensificarea crizei din zona euro, performan\u0163a bugetar\u0103 slab\u0103 a unor regiuni \u015fi deteriorarea perspectivelor de cre\u015ftere economic\u0103 pe termen mediu (sub 2% p\u00e2n\u0103 \u00een 2015, cu o rat\u0103 a \u015fomajului care va r\u0103m\u00e2ne ridicat\u0103).<\/p>\n<p>Pe de alt\u0103 parte, ponderea datoriei publice \u00een PIB va atinge un maxim de 72% \u00een 2013, mult sub media estimat\u0103 de 89% a zonei euro, iar \u00een sistemul bancar &#8220;s-au f\u0103cut progrese semnificative \u00een restructurarea b\u0103ncilor&#8221;, de\u015fi acestea vor avea nevoie de o recapitalizare cu \u00eenc\u0103 30 de miliarde de euro \u00eencep\u00e2nd din 2012, conform rezultatelor testului european de soliditate bancar\u0103, pe l\u00e2ng\u0103 cele 17,3 miliarde cheltuite p\u00e2n\u0103 acum.<\/p>\n<p>Pentru Portugalia, cu rating BBB-, revizuirea de rating va avea loc \u00een cursul ultimului trimestru al anului. Decizia vine dup\u0103 ce \u00een cursul zilei de vineri, nou\u0103 b\u0103nci portugheze (\u00eentre care \u015fi BCP, proprietarul Millennium Bank) au fost retrogradate de Moody&#8217;s, cu argumentul &#8220;deterior\u0103rii activelor bancare din \u0163ar\u0103&#8221;, al\u0103turi de 12 b\u0103nci britanice (\u00eentre care \u015fi RBS), despre care Moody&#8217;s consider\u0103 c\u0103 a sc\u0103zut probabilitatea ca statul s\u0103 le sus\u0163in\u0103 \u00een caz c\u0103 vor avea nevoie de ajutor financiar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dup\u0103 Standard&#038;Poor&#8217;s \u015fi Moody&#8217;s, \u015fi agen\u0163ia de rating Fitch a retrogradat Italia, a c\u0103rei datorie pe termen lung e notat\u0103 acum cu A+ \u00een loc de AA-, cu perspectiv\u0103 negativ\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":[7267,182,12992,8061,7507,10042,17312,7504,9705,10331,349,13242],"class_list":["post-51108","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-banci","tag-criza","tag-datorie","tag-fitch","tag-italia","tag-moodys","tag-portugalia","tag-rating","tag-spania","tag-standardpoors","tag-ue","tag-zona-euro"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/51108","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=51108"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/51108\/revisions"}],"predecessor-version":[{"id":68068,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/51108\/revisions\/68068"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}