Many times of debt crisis in Europe
Since recent two yearses, many times of debt crisis in Europe again and again have already vividly expressed, expecting euro area the nation can help each other and find out in the in a short time a thoroughly get away from sovereignty obligation the crisis perplexs of the road isn't realistic.Want to come out a sovereignty obligation crisis, euro area nation only have two roads can be provided as choice.One is European Central Bank truely develop similar in beautiful allied keep of function, passing the commitment will in great quantities buy national government bond of problem to thoroughly cancel worry in uncertainty in the market, or euro area national large-scale issue euro area bond to displacement problem national government bond, but the premise doing like this is by all means euro area acceleration Minesota Twins Snapback in the nation to carry out public finance integral whole to turn, this means that the German wants to start interfering with the public finance budget of problem nation.The problem lies in, 'pig in Europe five countries'of the government seem to give up his/her own public finance sovereignty, the French is also layer after layer to this worry in uncertainty;Two is to let Greece etc. problem nation declare national debt default, withdraw euro area, from now on start the dynamic state of the euro area member's country to adjust a mechanism.The decrease of euro area national amount contributes to strengthen economy inside the area's replying symmetry doesn't pound at of ability, the nation bowling out will also re- acquire the monetary policy and exchange rate tool of incitement economy growth.However, outward round nation but speech, withdraw euro area and re- use native currency to by all means mean the painful baptism of currency crisis and obligation crisis;To core nation, the euro area disintegration means the important backset that several 10-year European integral whole turned in the past.Euro area nation the reel between two above-mentioned roads mean Mont blanc Sun Glasses that debt crisis in Europe probably keeps on a little bit for a long time, and present a characteristic that the periodic turns worse.The test of of the utmost urgency BE, measure to calculate according to the Citibank, the first quarter of 2012 degree due euro area government the obligation is up to EUR 457,000,000,000, but among them Italian government have to the obligation compensating approach EUR 113,000,000,000.
Under the background that financial crisis keep on depravation, financial market turbulence discomfort, world the risk hobby of the organization investor turn into weak from strong, they will start'turn to the lever', then sell a risk property, turn but purchase'safe harbor property'.Under the current environment, the property of newly arisen market nation is seen as the risk property, but the most important of'safe harbor property'nothing is better than at American national debt.Therefore, the property adjustment of organization investor in the world will cause short-term international capital's being continuously flown to an American national debt market by the newly arisen market nation.This be good enough to explain why the American national debt market can with one action turn round in the second half of 2011 first half year of of Tui power, make to become American national debt in 2011 of a big plentiful year of:Currently expect national debt rate of return is lower than 2% for the United States 10 years, holding of long-term national debt in the United States can acquire 30% incomes in 2011!see more:Political setup and level of education
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