{"id":75788,"date":"2012-12-17T14:33:05","date_gmt":"2012-12-17T14:33:05","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=75788"},"modified":"2026-04-03T09:44:53","modified_gmt":"2026-04-03T09:44:53","slug":"opinie-daniel-daianu-bce-a-salvat-zona-euro-pana-acum","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=75788","title":{"rendered":"Opinie Daniel D\u0103ianu: BCE a salvat zona euro, p\u00e2n\u0103 acum\u2026"},"content":{"rendered":"

Fapt este c\u0103 Banca Central\u0103 European\u0103 a ezitat s\u0103-\u015fi asume func\u0163ia de LLR o perioad\u0103 de timp. Interven\u0163ii \u00een sprijinul b\u0103ncilor comerciale au fost cu ezit\u0103ri \u015fi pe termen scurt \u00een primii ani de criz\u0103 – temeri comprehensibile dac\u0103 ne g\u00e2ndim la statutul BCE \u015fi tratatele UE. Via\u0163a a obligat totu\u015fi BCE s\u0103 intervin\u0103 prin linii de finan\u0163are speciale cu extinderea gamei de colaterale acceptate. O schimbare de fond \u00een execu\u0163ia mandatului BCE a avut loc dup\u0103 venirea la c\u00e2rm\u0103 a lui Mario Draghi. \u00cen ultimele luni ale anului 2011 situa\u0163ia zonei euro se complicase peste m\u0103sur\u0103, evenimentele se precipitau prevestind un deznod\u0103m\u00e2nt analog c\u0103derii b\u0103ncii Lehman Brothers \u00een toamna lui 2008; se putea ajunge la destr\u0103marea zonei, cu efecte economice \u015fi sociale incalculabile. M\u0103rturisesc c\u0103 atunci (\u00een iarna 2011\/2012) am pus la \u00eendoial\u0103 capacitatea institu\u0163ional\u0103 (\u00een UE) de a se ac\u0163iona; am \u015fi semnat, al\u0103turi de economi\u015fti \u015fi politicieni europeni, o scrisoare deschis\u0103 dat\u0103 publicit\u0103\u0163ii privind urgen\u0163a unei interven\u0163ii din partea BCE.<\/p>\n

Mai multe pe zf.ro<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

De c\u00e2nd a izbucnit criza zonei euro deslu\u015firea solu\u0163iilor posibile a inclus chestiunea \u00eemprumut\u0103torului de ultim\u0103 instan\u0163\u0103 (lender of last resort\/LLR). Un curent de opinie ce a c\u00e2\u015ftigat tot mai numero\u015fi aderen\u0163i a comparat situa\u0163ia din UE cu cea din SUA, Canada \u015fi alte state cu structuri federale argument\u00e2nd c\u0103 f\u0103r\u0103 un LLR efectiv zona euro risc\u0103 s\u0103 se destrame. Paul de Grauwe, Charles Wiplosz \u015fi al\u0163ii au sus\u0163inut acest punct vedere (pe care \u00eel \u00eemp\u0103rt\u0103\u015fesc), \u00een contrast cu cei care au atribuit crizei origini \u00een principal de ordin fiscal \u015fi au militat, \u00een mod simplist, pentru austeritate bugetar\u0103 ca ie\u015fire din impas.<\/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":[8830,12177,87,13242],"class_list":["post-75788","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bce","tag-daniel-daianu","tag-opinie","tag-zona-euro"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/75788","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=75788"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/75788\/revisions"}],"predecessor-version":[{"id":89249,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/75788\/revisions\/89249"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}