Mabhangi eEurope anotarisana nenguva yechokwadi kubva kuECB ongororo

Mufananidzo Chikwereti: Reuters/Ralph Orlowski

NaLaura Noonan naEva Taylor

Mabhanga makuru zana nemakumi matatu eEurozone akatambira mutongo wekupedzisira weEuropean Central Bank pamari yavo nemusi weChina mushure meongororo yakanangana nekukwevera mutsara pasi pekusahadzika kwehutano hwebazi remabhanga mudunhu iri.

Vazhinji vanokweretesa vange vatove neruzivo rwakanaka rwemafambiro avakaita pabvunzo dzemumabhangi dzedunhu redunhu risati rasvika masikati, mushure mekuwana nhamba "dzisina kukwana uye dzekutanga" kubva kuECB mumavhiki apfuura. Asi nhamba dzekupedzisira dzakangobvumiranwa nevakuru vevatongi uye vatariri manheru neChitatu.

Izvo hazvizobudiswe pachena kusvika 11h GMT (7h EDT) neSvondo, uye ECB yakakumbira mabhanga kuti arege kuita chero kuburitswa kusvika panguva ino. Mhedzisiro yacho inopedza mwedzi yekusaziva kuti ndedzipi nhanho dzavachamanikidzwa kutora kuratidza kuti vanogona kutarisana nekuparara kwehupfumi.

Ongororo yeECB, iyo yakagadzirirwa kubvumidza bhanga guru renyika kuti ritore pepa rakachena kana rave mutariri webhangi reEurozone musi wa 4 Mbudzi, rinobva pamamiriro emari emabhanga pakupera kwa2013.

Mabhanga akasimbisa magwaro awo emari nekupotsa €203 bhiriyoni ($257bn) kubva pakati pa2013, ECB inodaro, izvo zvinoreva kuti mabhanga akati wandei akatadza anogona kunge atokwidza mari kugadzirisa chero kuperevedza.

Zvakadaro, mhedzisiro yebvunzo ichanyatsotariswa.

"Uyu ndiwo mukana wekuti ECB iwane zvachose kubva mumumvuri wevatongi venyika uye ichinyatsozviti ndiyo yakazvimirira," akadaro Jacob Funk Kirkegaard, mumwe mukuru paPeterson Institute muWashington DC.

Impact

Mugore rapfuura, nyanzvi dzinopfuura zviuru zvitanhatu dzakapfuura nepakati peeurozone's zana nemakumi matatu emabhuku emabhangi makuru - kusanganisira mazita emhuri seDeutsche Bank (DBKGn.DE), Santander (SAN.MC) uye BNP Paribas (BNPP.PA) uye makwikwi enyika akaita seBhange reCyprus BOC.CY uye Bank of Ireland (BKIR.I) - kuburitsa chero kurasikirwa kwakavanzika uye kusasimba.

Zvakare nekumisikidza ECB kuti iite basa rayo idzva semutariri, bvunzo idzi dzakagadzirirwawo kubvisa kusahadzika kwevanodyara mari pamusoro pemabhanga eeurozone, ayo ari kuramba achitengeserana nemabhanga ari muUnited States.

Vanoongorora vanoti mhedzisiro yacho inogona kuvhura nzira kune vanoisa mari kuUS, avo vari kubata nhoroondo yakaderera yeEuropean bank equity, kuti vadzoke zvakare sezvo mari dzemabhanga dzichange dziine chisimbiso chemvumo kubva kusangano repamusoro.

Emil Petrov, mukuru wezvigadziriso zvemusika mukuru kuNomura, akati kuziviswa kwezvabuda kuchave kwakanaka kumabhanga nekufamba kwenguva, sezvo vachizobvisa hombe yekusagadzikana uye kuvhura nzira yekuti vanokweretesa vatangezve kupa mabhondi ejunior.

"Pane zvimwe zvinhu zviri kutamba pano uye, parizvino izvi hazvina kunaka: kutya kwekukura, kupokana kwezvematongerwo enyika nezvimwe," akadaro. "Maitirwo emusika wekukurumidza kumhedzisiro yekuongorora kushushikana kuchafambiswa zvakaenzana neiyo macroeconomic backdrop. Nguva refu, mhedzisiro yacho inofanira kuva yakanaka."

IECB yakaramba ichisimbisa kunyatsoongorora kwayo, iyo yaisanganisira kuongororwa kwepamusoro kana mabhangi aikoshesa zvinhu zvavo zvakanaka uye muedzo wekunetseka kuti vaone kana vaine mari yakakwana yekumisa imwe tsaona.

Vakuru vanotungamira muchivande kuti maitiro - ayo aive akanyanya kusimba kupfuura matatu apfuura EU-yakafara bhengi bvunzo - akakosha zvakanyanya semhedzisiro chaiyo.

Kirkegaard akati ECB yakanga yaita "basa rinokwanisa" kusvika pari zvino, asi ikozvino zvakakosha kuti bvunzo dzive nekuvimbika kweiyo ECB yakaitawo maererano neruzivo rwayakaunganidza - isina zvematongerwo enyika, indasitiri kana nyika.

"Zvinogona kuita sezviri nyore kutaura kuti 'tarisa, tinofanirwa kuve neropa pasi', asi pane zvakawanda zvekufananidzira zvinobatanidzwa mune izvi," Kirkegaard akadaro.

Wakapotsa chiratidzo

Kufungidzira kwemusika kuti mangani mabhanga achakundikana bvunzo, uye kuti izvo zvikundikane zvichave zvipi, zvakasiyana, asi kazhinji vatengesi vari kutarisira kukundikana uye zvinoshamisa, kunyanya pakati pemazita emhuri.

JP Morgan akati hazviite kuti bhanga guru rakatadza bvunzo, asi vamwe vanokweretesa vechipiri vanogona kunge vakapotsa chiratidzo.

"Izvi zvingave mhedzisiro inovimbika," akadaro Roberto Henriques, muongorori wechikwereti wekuEurope kuJP Morgan. "Munoratidza kuti makasimba uye mamwe mabhanga anofoira, but guess what, aya ndiwo mafoira uye mabhanga akatogadzirisa matambudziko avo."

Kutadza kwehunyanzvi kungave iwo mabhanga akapotsa mari inodiwa kusvika pakupera kwa2013, asi kubva ipapo akasimudza mari yakakwana kuti asangane nemucherechedzo weECB.

Muenchener Hypothekenbank [MNCHY.UL], semuenzaniso, yakatotaura kuti haina kuzadzisa zvinodiwa neguta, asi yakasimudza. €400 miriyoni muna Chikunguru kuti vagadzirise. Austria chikamu-nyika inokweretesa Volksbanken AG (OTVVp.VI) yakatotaura kuti ichadzika pasi kudzivirira kukoromoka kwemari kuri kuuya kwayanga ichinetsekana kuvhura.

Kana mabhanga akaunganidza mari gore rino achida imwe, vemisika vanoti vanogona kuikwidza. "Kana iwe ukatarisa kuMonte Paschi nemabhangi eGreece, vese vakasimudza mari yakawanda gore rino uye vakwezva kufarira kwakawanda," akadaro maneja wehomwe yeLondon neChitatu (22 Gumiguru).

"Kana ivo zvino vachida kuwedzera bhiriyoni imwe kana 1 imwe neimwe, ingangove bheya (yakaipisisa), musika unovapa iyo mari ... Uye hauna sarudzo yakawanda, kutaura chokwadi, kana imwe nzira. inofanira kuparadzwa."

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