{"id":56835,"date":"2012-07-29T13:00:00","date_gmt":"2012-07-29T13:00:00","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=56835"},"modified":"2026-04-03T08:28:18","modified_gmt":"2026-04-03T08:28:18","slug":"cum-se-rezolva-criza-din-zona-euro-ne-dati-ori-nu-ne-dati","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=56835","title":{"rendered":"Cum se rezolv\u0103 criza din zona euro: Ne da\u0163i ori nu ne da\u0163i?"},"content":{"rendered":"<p>Unul dintre membrii Consiliului BCE, austriacul Ewald Nowotny, a amintit \u00een aceast\u0103 s\u0103pt\u0103m\u00e2n\u0103 (dar f\u0103r\u0103 a face vreo promisiune) de ideea c\u0103 MES ar putea ob\u0163ine licen\u0163\u0103 de banc\u0103, \u00een a\u015fa fel \u00eenc\u00e2t s\u0103 se poat\u0103 \u00eemprumuta nelimitat de la BCE \u015fi s\u0103 ofere mai departe fonduri nelimitate statelor cu probleme din zona euro &#8211; o idee respins\u0103 p\u00e2n\u0103 acum, fiindc\u0103 \u00eencalc\u0103 statutul BCE.<\/p>\n<p>Pre\u015fedintele BCE, Mario Draghi, a plusat, promi\u0163\u00e2nd c\u0103 va face &#8220;orice este nevoie a ap\u0103ra euro&#8221; \u015fi a sugerat c\u0103 va lua m\u0103suri de reducere a costului de \u00eendatorare pentru Spania \u015fi Italia. Aceasta ar putea \u00eensemna un nou program de cump\u0103rare de obliga\u0163iuni, dac\u0103 nu chiar visul suprem al pie\u0163elor &#8211; transformarea BCE \u00een tiparni\u0163\u0103 nelimitat\u0103 de bani, dup\u0103 modelul Rezervei Federale a SUA, ceea ce ar putea satisface nevoia de resurse financiare  a statelor, foamea de lichidit\u0103\u0163i a b\u0103ncilor \u015fi ar putea garanta creditorilor priva\u0163i (b\u0103nci \u015fi fonduri de investi\u0163ii) c\u0103 \u015fi-ar putea recupera integral banii da\u0163i statelor \u015fi c\u0103 vor avea un risc zero pentru viitoarele credite acordate. BCE a rezistat eroic p\u00e2n\u0103 acum unei asemenea revolu\u0163ii \u00een statutul s\u0103u, pentru c\u0103, dac\u0103 gra\u0163ie statutului unic \u00een lume al dolarului, Rezeva Federal\u0103 a SUA a putut s\u0103 exporte \u00een 2009 \u015fi 2010 infla\u0163ia rezultat\u0103, \u00een loc ca aceasta s\u0103 afecteze America, zona euro nu e \u00een aceea\u015fi situa\u0163ie.<\/p>\n<p>Ca s\u0103 arate c\u0103 aceasta e calea de urmat pentru BCE \u015fi nu pruden\u0163a de p\u00e2n\u0103 acum, pie\u0163ele financiare au r\u0103spl\u0103tit vizibil ambele declara\u0163ii, chiar dac\u0103 nimeni nu se a\u015fteapt\u0103 ca bun\u0103voin\u0163a pie\u0163elor s\u0103 dureze prea mult: euro a crescut spectaculos cu aproape 2%, trec\u00e2nd de 1,23 dolari, iar bursele europene au urcat cu 2-4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Criza financiar\u0103 din zona euro se apropie \u00eencet, dar sigur de urm\u0103toarele \u0163inte: Banca Central\u0103 European\u0103 \u015fi fondurile de salvare ale zonei (Fondul European pentru Stabilitate Financiar\u0103 &#8211; FESF \u015fi succesorul s\u0103u, Mecanismul European de Stabilitate &#8211; MES).<\/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":[8830,182,25190,28627,184,28227,28782,369,8193,8884,13242],"class_list":["post-56835","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bce","tag-criza","tag-draghi","tag-fesf","tag-inflatie","tag-mes","tag-nowotny","tag-obligatiuni","tag-piete-financiare","tag-rezerva-federala","tag-zona-euro"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/56835","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=56835"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/56835\/revisions"}],"predecessor-version":[{"id":73126,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/56835\/revisions\/73126"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}