Spanish Central Bank Dominique Faget/Getty Images

欧洲的秘密援助

慕尼黑—在世界担心唐纳德·特朗普、英国退欧和来自叙利亚和其他战争摧残国家的难民流之际,欧洲央行一直在公众视线之外进行着其债务重组计划——又称为量化宽松(QE)——以缓解欧元区过度负债国的负担。

欧洲央行的量化宽松计划始于2015年3月,并且有可能在2017年3月计划到期时延期。在该计划下,欧元区成员国央行买入1.74万亿欧元私人市场证券,其中1.4万亿多欧元被用于购买本国政府债务。

量化宽松计划貌似对称,因为各央行都根据国家规模依照比例回购本国政府债务。但其影响是不对称的,因为南欧国家在过去十年中大量举债并且存在经常项目赤字,它们主要靠海外回购。

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