Evropská finanční pustina

PAŘÍŽ – „Duben je nejkrutější měsíc,“ napsal T. S. Eliot na úvod své skvělé básně Pustina. Kdyby byl ovšem Eliot investorem z povolání a v posledních několika letech sledoval evropské finanční trhy, jsem si naprosto jistý, že by zvolil srpen.

V srpnu 2007 rozhodnutí BNP Paribas zavřít dva své hedžové fondy exponované v sektoru podřadných hypoték vyvolalo letní likviditní krizi u všech evropských bank. Letos se do centra pozornosti dostala Société Générale, velká konkurentka BNP. Její akcie se během jediného dne v půli srpna propadly o víc než 14 %, takže dosáhly hlubin už dva a půl roku nedotčených. Rozletěly se fámy o možném snížení ratingu suverénního dluhu Francie, provázené spekulacemi o důsledcích pro francouzské banky.

Jelikož právě Francouzi ze všech Evropanů nejvíce ctí zvyk, že v srpnu by se neměla dělat žádná účelná práce, je to pro tamní bankéře kruté zacházení. Nikterak neotáleli s prohlášením, že je nespravedlivé na ně takto ukazovat prstem.

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