Lamentablemente, todavía no se encuentra disponible la traducción en española de este texto, por lo tanto, solamente podemos poner a su disposición la versión inglesa.

ECB bluffing

In a report published on Monday the European Central Bank warned about the dangers of high yields on government bonds in the Eurozone and signalled its willingness to intervene. The ECB is bluffing, the left-liberal daily La Repubblica complains: "With its monthly report the ECB is more or less openly telling Italy and Spain to apply for help from the bailout fund before it executes its bond purchasing plans. In doing so the ECB is basically tying its assistance to intergovernmental agreements in which it has no say. This approach would have the paradoxical effect of rendering any intervention by the ECB ineffectual. Because the Eurotower [the ECB headquarters] will only take action in an emergency, once the countries are already with their backs to the wall and have lost their credibility on the markets. So it seems the ECB is secretly hoping that the countries in question won't apply for bailouts and that the announcement of its willingness to help will suffice. The ECB is testing the impact of this bluff."

» informaciones adicionales (enlace externo, italiano)
Más de la revista de prensa sobre el tema » Política financiera, » Italia, » España
Todos los textos disponible de » Tito Boeri
Cobertura de debates » Crisis countries pin their hopes on ECB

» de toda la revista de prensa del Viernes, 10. Agosto 2012