拯救欧洲的真正霸权

慕尼黑—去年6月,欧盟委员会宣布其对银行重组的观点全面逆转。如今,重组受困银行的资金将主要来自债权人而不是欧洲纳税人,根据啄序规定哪些贷款人将首先得到偿付。这整套方案都值得欢迎,至少在理论上是如此。但是,在实践上,这一制度距离完美还相去甚远。

问题在于极长的里外名单使得可回收资产规模被极度压缩,以至于在很多情形中仍不得不依靠公共资金。长期的计划是,这笔钱应该来自由欧洲银行本身设立的基金。但欧元集团(由欧元区财政部长组成,并有欧盟经济和货币事务委员和欧洲央行行长出席的会议)暗示,在此之前,将由欧洲稳定性机制(ESM)填补空白,换句话说,就是由纳税人掏钱。

纳税人因此将对10万欧元以下的存款提供担保资金——相当于荷兰家庭财富中位值,或德国中位值的两倍——换句话说,欧元集团的方案无异于在欧洲实行大规模财富再分配,且其细节不为公众所理解。

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

To read this article from our archive, please log in or register now. After entering your email, you'll have access to two free articles from our archive every month. For unlimited access to Project Syndicate, subscribe now.

required

By proceeding, you agree to our Terms of Service and Privacy Policy, which describes the personal data we collect and how we use it.

Log in

http://prosyn.org/B1bBH2i/zh;

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.