Uma união bancária no Ano Novo

BRUXELAS – Cinco anos após a eclosão da crise financeira, a situação económica e política da Europa continua frágil. Uma recessão moderada é esperada este ano na Europa e o desemprego está em ascensão. Além da redução do défice, precisamos de implementar um plano de investimento europeu de 120 mil milhões de euros (155 mil milhões de dólares) e aprofundar o mercado único europeu para libertar o seu potencial de crescimento.

Mas também precisamos de outras medidas estruturais. A União Europeia deve colocar um fim à espiral de feedbacks negativos entre os Estados-membros individuais e os seus sistemas bancários nacionais. Entre 2008 e 2011, os contribuintes da UE concederam aos bancos 4,5 mil biliões em empréstimos e garantias. Em alguns países, a ameaça da recapitalização bancária com fundos públicos resultou numa queda na confiança do mercado e num enorme aumento das taxas de juro.

O Banco Central Europeu (BCE) tem tomado medidas decisivas para quebrar este círculo vicioso. Além disso, há agora um consenso de que os 17 países da zona euro precisam de uma união bancária para acompanharem a sua moeda comum. A Comissão Europeia propôs um único conjunto de regras para os requisitos de capital dos bancos; o apoio mútuo entre os sistemas nacionais de garantia de depósitos; e regras alargadas a toda a Europa para resolver as situações de bancos em dificuldade, que façam recair o fardo principal sobre os accionistas dos bancos e os credores e não sobre os contribuintes.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/B64Rt76/pt;

Handpicked to read next

  1. Patrick Kovarik/Getty Images

    The Summit of Climate Hopes

    Presidents, prime ministers, and policymakers gather in Paris today for the One Planet Summit. But with no senior US representative attending, is the 2015 Paris climate agreement still viable?

  2. Trump greets his supporters The Washington Post/Getty Images

    Populist Plutocracy and the Future of America

    • In the first year of his presidency, Donald Trump has consistently sold out the blue-collar, socially conservative whites who brought him to power, while pursuing policies to enrich his fellow plutocrats. 

    • Sooner or later, Trump's core supporters will wake up to this fact, so it is worth asking how far he might go to keep them on his side.
  3. Agents are bidding on at the auction of Leonardo da Vinci's 'Salvator Mundi' Eduardo Munoz Alvarez/Getty Images

    The Man Who Didn’t Save the World

    A Saudi prince has been revealed to be the buyer of Leonardo da Vinci's "Salvator Mundi," for which he spent $450.3 million. Had he given the money to the poor, as the subject of the painting instructed another rich man, he could have restored eyesight to nine million people, or enabled 13 million families to grow 50% more food.

  4.  An inside view of the 'AknRobotics' Anadolu Agency/Getty Images

    Two Myths About Automation

    While many people believe that technological progress and job destruction are accelerating dramatically, there is no evidence of either trend. In reality, total factor productivity, the best summary measure of the pace of technical change, has been stagnating since 2005 in the US and across the advanced-country world.

  5. A student shows a combo pictures of three dictators, Austrian born Hitler, Castro and Stalin with Viktor Orban Attila Kisbenedek/Getty Images

    The Hungarian Government’s Failed Campaign of Lies

    The Hungarian government has released the results of its "national consultation" on what it calls the "Soros Plan" to flood the country with Muslim migrants and refugees. But no such plan exists, only a taxpayer-funded propaganda campaign to help a corrupt administration deflect attention from its failure to fulfill Hungarians’ aspirations.

  6. Project Syndicate

    DEBATE: Should the Eurozone Impose Fiscal Union?

    French President Emmanuel Macron wants European leaders to appoint a eurozone finance minister as a way to ensure the single currency's long-term viability. But would it work, and, more fundamentally, is it necessary?

  7. The Year Ahead 2018

    The world’s leading thinkers and policymakers examine what’s come apart in the past year, and anticipate what will define the year ahead.

    Order now