Eurogunea: urratsez urrats

Berria[1], 2013/03/20an:

BRUSELA. Europarlamentuak akordioa lortu zuen atzo euroguneko gobernuekin, 6.000 bankuen gainbegiratzaile bakarra EBZ izan dadin.”

Hobe, noski, EBko banku guztiak EBZk gainbegiratzea. Baina urratsa ez da batere txarra.

Hurrengo pausua eta garrantzitsuena dena:

EBZ lender of last resort (azken baliabideko mailegu emaile) bilakatzea.

Izan ere, Marshall Auerback-ek dioenez (http://www.nakedcapitalism.com/2012/07/marshall-auerback-all-roads-lead-to-the-ecb.html):

“ECB is not currently a ‘lender of last resort’. The ECB was set up with fundamental flaws…[2]

Eta azkena honako hau, Warren Mosler-en proposamena:

https://www.unibertsitatea.net/blogak/heterodoxia/2013/02/14/mosler-en-eurolandiarako-proposamena/

Gogoratu ere, honako link honetan dagoena:

https://www.unibertsitatea.net/blogak/heterodoxia/2012/05/21/warren-mosler-en-proposamenak/

Horrekin guztiarekin Eurolandiak orain dauzkan arazoak, hein handi batean, konponduko lirateke.

Bidea oso erraza da.

Kontua da, aspaldian bezalaxe, diruaren funtzionamendua ulertzea.

(Krisia, batez ere, ezjakintasunaren krisia da: Magister dixit[3].)


[2]  Eta honela segitzen du: “…There are no comparable concepts for a currency issuer and a currency user in terms of solvency. The latter is always at risk of insolvency the former never, so the ECB’s focus on profitability is not only misguided, but leading to inadequate policy responses…

The creation of the European Financial Stability Facility (EFSF) and the ESM has been motivated by the overriding concern of the ECB to protect its balance sheet and to avoid engaging in “fiscal policy”. The problem again goes back to the creation of the euro: no supranational fiscal authority to go with a supranational central bank…

 

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