Bradyho dluhopisy pro eurozónu

WASHINGTON – Dnešní konvenční pohled na eurozónu vypadá tak, že krize již pominula – že se intenzivní a často existenciální obavy o budoucnost společné měny z počátku letošního roku podařilo zmírnit a vše je dnes opět pod kontrolou.

To je ovšem v příkrém rozporu s fakty. Evropské trhy dluhopisů znovu vysílají politikům na celém světě mrazivé sdělení. Dluhopisy států z „periferie“ eurozóny nadále ztrácejí hodnotu a riziko irského, řeckého a portugalského státního bankrotu je vyšší než kdykoliv předtím.

Děje se tak navzdory společnému záchrannému balíku, který v květnu vyčlenily pro Řecko Evropská unie, Mezinárodní měnový fond a Evropská centrální banka, a navzdory pokračujícímu programu nákupu dluhopisů zemí na okraji unie Evropskou centrální bankou. Několik týdnů před svým výročním zasedáním (po němž bude následovat listopadový summit skupiny G-20 v Soulu) ustupuje MMF tlaku pumpovat do EU stále vyšší sumy za stále menšího počtu podmínek.

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